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MissionIRNewsBreaks – FingerMotion Inc. (FNGR) Subsidiary Trademarks Two New Brands Targeting Innovative Device Protection

Posted on October 26, 2021 by MissionIR

FingerMotion (OTCQX: FNGR), a mobile data and services company, through its subsidiary Shanghai JiuGe Information Technology Co. Ltd., has trademarked two new brands. The two trademarked brands — Ji Shi Fu and Baowo — are designed to support the company’s planned underwriting of an innovative device protection program for telecom customers in China. According to the company, this maintenance program could include up to hundreds of stores in more than 10 provinces; potential products and services include broken mobile phone screens, accidental damage repairs and compensation, older device trade-ins and other services. The program could also spark growth, including adding new users and opening new revenue channels. The company noted that it anticipates these new brands will be added to its existing China telecom systems by early 2022, with beta testing initially taking place in the Shanghai, Guangdong, Anjui, Zhejiang and Henan provinces and cities. “This latest development demonstrates the flexibility of our business model to explore ways to monetize our vast active user base,” said Fingermotion CEO Martin Shen in the press release. “We are delighted to commence our beta testing on this mobile device protection product later this month and believe this will eventually represent another significant revenue stream.”

To view the full press release, visit https://ibn.fm/gWIxC

About FingerMotion Inc.

FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China.  It is one of only a few companies in China with access to wholesale rechargeable minutes from China’s largest mobile phone providers that can be resold to consumers. As the user base of its primary business continues to grow, the company is developing additional value-added technologies to market to its users. The vision of the company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the company to onboard larger customer bases. FingerMotion eventually hopes to serve more than 1 billion users in the China market and eventually expand the model to other regional markets. For more information about the company, please visit www.FingerMotion.com.

NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR

About MissionIRNewsBreaks

MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
[email protected]

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html

Posted in FingerMotion Inc. FNGR | Leave a comment

Alphabet (NASDAQ: GOOG), Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) Target Diabetes Tech

Posted on October 26, 2021 by MissionIR

The world’s largest and most powerful tech companies –Alphabet (NASDAQ: GOOG), Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) – are targeting an opportunity in health care that’s just too big to ignore – diabetes. Almost a third of the entire U.S. population – more than 100 million people in this country alone – are living with diabetes or are at high risk for the disease. Diabetes makes it difficult for the body to process sugar (glucose) and can lead to serious health issues and death. With $1 of every $4 of health care costs in the U.S. now spent on caring for people with diabetes, these tech giants are looking to snag a share of the multi-trillion-dollar global diabetes markets through innovation. 

Managing the disease relies way too much on guesswork and variables – random finger pricks to test blood sugar before trying to accurately adjust insulin dosage is far from perfect science. Plus, a multiplicity of lifestyle choices, like food and exercise, can severely impact people with the disease. Technology is key to helping people with diabetes better manage their disease, and the tech giants are all exploring how they can bring new services and tools to market. 

  • Alphabet, through its Verily subsidiary, teamed with DexCom Inc. (NASDAQ: DXCM) to bring continuous monitoring hardware to market. DexCom users insert a sensor under the skin and, after the sensor is inserted, a transmitter is snapped into place allowing users to check their readings via a smartphone or watch.
  • Amazon makes it easier for people to access their readings via the Alexa voice assistant and promotes blood sugar monitoring devices on its marketplace.
  • Apple is working closely with other medical device makers like Dexcom to build integrations with consumer devices like Apple Watch and iPhone.

Tech continues to provide creative solutions to better manage chronic diseases like diabetes. Nemaura Medical Inc. (NASDAQ: NMRD) has developed sugarBEAT(R) – a wearable, non-invasive and flexible continuous glucose monitor patch designed to help people with diabetes and prediabetes manage their glucose levels. sugarBEAT(R) consists of a daily disposable adhesive skin patch connected to a rechargeable transmitter with a smartphone app displaying glucose readings at five-minute intervals for periods of up to 24 hours. Users don’t have to draw blood samples or prick their fingers multiples times each day and can wear the patch on whatever days they choose. 

Other continuous glucose monitor devices on the market must be implanted under the skin. sugarBEAT(R) is the world’s first wearable and disposable monitor which offers the potential to radically change the way people manage their chronic disease conditions. Already cleared in the EU and FDA Pre Market Application (“PMA”) submitted, Nemaura’s patented skin surface blood monitoring technology has allowed the company to create additional products, which are in the pipeline. More information on its technology can be found at www.NemauraMedical.com.

Thank goodness, technology is delivering previously unimagined solutions to human frailties and the management of chronic diseases. However, for the record it’s not altruism that’s driving these tech companies, there’s a business opportunity here that’s just too damn big to ignore. 

For more information, visit the company’s websites at www.NemauraMedical.com or www.MiBoKo.com.

NOTE TO INVESTORS: The latest news and updates relating to NMRD are available in the company’s newsroom at https://ibn.fm/NMRD 

About MissionIR

MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

For more information, visit www.MissionIR.com

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
[email protected]

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html

Posted in Nemaura Medical Inc. NMRD | Leave a comment

FingerMotion Inc. (FNGR) Reports Revenue Growth from Mobile Services, Prospects for Further Big Data Services Growth in China

Posted on October 26, 2021 by MissionIR
  • U.S.-based FingerMotion has been pursuing opportunities to provide text and multimedia message services in China, whose population is expected to exceed 1.4 billion people this year
  • FingerMotion is expanding into a third channel of operations with the development of its trademarked big data platform Sapientus, and expects revenues from the tech platform to eventually exceed its SMS and MMS message services
  • The company recently reported its Q2 financials, noting a 25 percent YOY quarterly growth in revenues attributed to SMS and MMS services, and an overall quarterly revenue growth to $5.39 million
  • China is encouraging development of its insurance industry services, providing increased opportunities for leading global insurers such as Pacific Life
  • Pacific Life Reinsurance finalized a contract with FingerMotion for Sapientus’ services earlier this year, strengthening FingerMotion’s position in supporting the insurtech industry

Communications and big data technology platform builder FingerMotion (OTCQX: FNGR) is welcoming signs of growth in its newly released Q2 report. The China-focused enterprise reported quarterly revenue of $5.39 million, which included a 25 percent year-over-year quarterly growth in its short and multimedia messaging (SMS and MMS) business revenue of $0.73 million. 

“Growth continues unabated with the SMS texting due to our optimized prepayments of bulk inventory purchases. Contributing to the growth and margin expansion was from the subscription plan and the mobile phone sales,” CEO Martin Shen stated in a news release about the financial filing (https://ibn.fm/cU7KK). “These optimized purchase programs and hardware sales and service improved gross profit from 7% to 13%. The Company is seeing strong demand in SMS from our corporate clientele.”

Despite the positive news regarding texting and multimedia services, FingerMotion remains committed to improving its bottom line through the development of its trademarked Sapientus big data platform. The company noted a sharp increase in general and administrative expenses tied to research and development as the company continues to build up SMS, MMS and big data services simultaneously. 

“We are pleased at the strength of our balance sheet which hit a milestone of over $5.0 million in shareholders’ equity. This quarter was more of a transition to greater profitability as more of our initiatives started contributing to gross margin,” Shen stated. “This is the third consecutive quarter of Big Data revenues and we expect it to continue and eventually outpace our existing revenue streams.”

During Q1, FingerMotion secured a landmark agreement with Pacific Life Re-insurance to provide Sapientus’ big data prowess as a tool for Pacific Life’s efforts to build its insurance offerings among China’s consumers. 

China’s population is expected to exceed 1.4 billion people this year, creating the potential of a world-leading base for economic activity. And the country’s leadership has been encouraging further development of the insurance industry, as noted in the China Banking and Insurance Regulatory Commission’s recent statement urging insurers to accelerate their offerings for gig-economy delivery workers, elderly people and children with congenital diseases and medical conditions (https://ibn.fm/nhWPu).

But the country’s insurance risk and credit risk evaluation infrastructure is still underdeveloped, which poses a challenge for companies like Pacific Life — one of the world’s top five Insurance companies with $1.1 trillion in life insurance policies and $171 billion in assets (https://ibn.fm/6jhnI).

Sapientus delivers predictive algorithms that help clients such as Pacific Life Reinsurance gain insights into consumer activity and risk potential.

“This trend will continue and revenue should ramp as the insurtech business starts to develop,” Shen stated. 

For more information, visit the company’s website at www.FingerMotion.com.

NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR

About MissionIR

MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

For more information, visit www.MissionIR.com

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
[email protected]

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html

Posted in Small Cap News | Leave a comment

Lexaria Bioscience Corp.’s (NASDAQ: LEXX) DehydraTECH(TM) Addresses the Needs of Medical THC Users

Posted on October 26, 2021 by MissionIR
  • Lexaria’s THC absorption animal study yielded promising results on the patented DehydraTECH(TM) technology
  • It showed that the technology required a shorter time to deliver the same THC levels than concentration-matched controls
  • Lexaria believes that through DehydraTECH, it is meeting the needs of medical THC users with its rapid delivery, increased overall THC delivery and high brain tissue delivery

Lexaria Bioscience’s (NASDAQ: LEXX) just-concluded oral tetrahydrocannabinol (“THC”) absorption animal study, THC-A21-1, yielded promising results on the effectiveness of the company’s patented DehydraTECH(TM) drug delivery technology.

The study, performed by a leading, independent laboratory, involved 20 male Sprague Dawley rats split into two groups of ten each. It followed the administration of the THC with brain tissues collected at 8 and 24 hours (https://ibn.fm/7S0D0). 

The study showed that DehydraTECH-THC delivered via oral ingestion required only 15 minutes to dispense THC levels proportional to those achieved at 45 minutes with concentration-matched controls. It also showed that DehydraTECH-THC delivered considerably more THC into the bloodstream compared to standard medium-chain triglyceride (“MCT” or “coconut oil”)- based control formulation, starting from the 2-minute mark onwards. It would then drop rapidly to the same level as the MCT control after 6 hours.

While making the announcement, Chris Bunka, Lexaria’s Chief Executive Officer (“CEO”), noted, “THC users today include… medicinal and pharmaceutical users, all of whom need technology that doesn’t rely on harmful delivery methods such as smoking, but still provides rapid onset and high bioavailability which common oral formats do not offer.”

Mr. Bunka acknowledged that with DehydraTECH, Lexaria offers a solution that considers medical THC users’ needs. He noted that the findings from this study are proof of the technology’s rapid delivery, increased overall THC delivery, and high brain tissue delivery, all of which are consistent with the needs and wants of medical THC customers.

According to Harvard Medical School, medical cannabis use today is largely for pain control. Patients dealing with multiple sclerosis or nerve disorders have cited responding to cannabis treatment a lot better compared to opiates. This alternative has also proven to be more effective without the accompanying addictive or sedating effects linked to opiates. With DehydraTECH, Lexaria is proving that cannabis is not only integral to healthcare going forward but that it can also be administered effectively while still yielding better results for patients.

DehydraTECH processing consistently proves its ability to deliver drugs more effectively into the bloodstream and the brain tissue. The THC-A21-1 study is a testament to that and an indication of the tremendous potential that the technology has, not just with THC delivery but also with nicotine, vitamins, non-steroidal anti-inflammatory drugs (“NSAIDs”), phosphodiesterase inhibitors and anti-viral drugs, among others. 

For more information, visit the company’s website at www.LexariaBioscience.com.

NOTE TO INVESTORS: The latest news and updates relating to LEXX are available in the company’s newsroom at https://ibn.fm/LEXX

About MissionIR

MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

For more information, visit www.MissionIR.com

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
[email protected]

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html

Posted in Lexaria Bioscience Corp. LEXX | Leave a comment

MissionIRNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Extends Resolve to Expand Global Footprint in EV Industry

Posted on October 25, 2021 by MissionIR

Ideanomics (NASDAQ: IDEX) recently announced its entry into an agreement that will see the global company increase its stake in Energica Motor Company S.p.A, a manufacturer and distributor of high-performance 100% battery-powered motorbikes, to 70%. Energica’s motorcycles boast the highest emissions-free peak and sustained performance of any road-legal electric motorbike. The announcement came about six months after IDEX acquired a 20% stake in Energica. “At the time, the investment represented IDEX’s resolve to expand its global footprint in the EV industry and complemented Treeletrik’s operations in the ASEAN market… The renewed investment interest, as captured by the recent agreement, therefore extends this resolve even further,” reads a recent article. According to Ideanomics CEO Alf Poor, IDEX believes that with exceptional management and leadership in place and a full range of innovative zero-emissions products already in the market, “Energica has the opportunity to benefit strongly from Ideanomics Capital’s resources, transforming their growth trajectory and positioning them as a global leader in the electric motorcycle market.”

To view the full article, visit https://ibn.fm/CoaSi

About Ideanomics Inc.

Ideanomics is a global company focused on the convergence of financial services and industries experiencing technological disruption. The Ideanomics Mobility division is a service provider that facilitates the adoption of electric vehicles by commercial fleet operators through offering vehicle procurement, finance and leasing, and energy management solutions under an innovative sales-to-financing-to-charging (“S2F2C”) business model. Ideanomics Capital is focused on disruptive fintech solutions for the financial services industry. Together, Ideanomics Mobility and Ideanomics Capital provide global customers and partners with leading technologies and services designed to improve transparency, efficiency and accountability, and shareholders with the opportunity to participate in high-potential growth industries. For more information, visit www.Ideanomics.com.

NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX

About MissionIRNewsBreaks

MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
[email protected]

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html

Posted in Ideanomics IDEX, | Leave a comment

MissionIRNewsBreaks – PlantX Life Inc. (CSE: VEGA) (OTCQB: PLTXF) (Frankfurt: WNT1) to Launch New XMarket Stores in Partnership with Iconic Hudson’s Bay

Posted on October 25, 2021 by MissionIR

PlantX Life (CSE: VEGA) (OTCQB: PLTXF) (Frankfurt: WNT1) today announced that it will launch two new shop-in shops within prominent Hudson’s Bay locations. Per the update, the two XMarket stores will open in Yorkdale Mall, Toronto, on Nov. 15, 2021, and Rideau Mall, Ottawa, on Nov. 22, 2021. “Opening two new XMarket stores in partnership with the iconic Hudson’s Bay will undoubtedly transform the potential of our future retail efforts,” said PlantX Founder Sean Dollinger. “The stores will be crucial discovery touchpoints for customers frequenting these highly trafficked areas, which will boost the PlantX brand recognition. This move enables us to make significant and exciting investments that will enhance customer engagement and provides us with yet another opportunity to promote plant-based living across Canada.”

To view the full press release, visit https://ibn.fm/MRReF

About PlantX Life Inc.

As the digital face of the plant-based community, PlantX’s platform is the one-stop shop for everything plant-based. With its fast-growing category verticals, the company offers customers across North America more than 5,000 plant-based products. In addition to offering meal and indoor plant deliveries, the company currently has plans underway to expand its product lines to include cosmetics, clothing and its own water brand — but the business is not limited to an e-commerce platform. The company uses its digital platform to build a community of like-minded consumers and, most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs and brands. The company eliminates the barriers to entry for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier and happier life. For more information, visit the company’s investor website at https://Investor.PlantX.com.

NOTE TO INVESTORS: The latest news and updates relating to PLTXF are available in the company’s newsroom at https://ibn.fm/PLTXF

About MissionIRNewsBreaks

MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
[email protected]

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html

Posted in MissionIRNewsBreaks, PlantX Life Inc. PLTXF | Leave a comment

PlantX Life Inc. (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) E-commerce Subsidiary Enters Canada D2C Indoor Plant Market Amid Expanding Global Wellness Verticals

Posted on October 25, 2021 by MissionIR
  • PlantX Life Inc. is a growing global presence as a one-stop shopping and educational hub building a sense of community for the world’s plant-based lifestyle pursuits
  • The company announced Oct. 19 that its wholly owned subsidiary Bloomboxclub Limited, based in the United Kingdom, has launched a web domain and market outreach in Canada
  • Bloombox Club’s United Kingdom operation has been responsible for delivering more than 100,000 plants to over 50,000 customers
  • PlantX Life’s weekly podcast series, YouTube channel videos, informative blog and e-commerce portal accessible through Walmart’s and Amazon’s Marketplace provide product sales and tips on healthy living, home plant ownership and recipes accessible to beginners and more experienced consumers alike
  • The company recently opened a store in British Columbia, Canada, has an affiliated operation in California and plans to launch a website in Israel next month

Digital plant community products and lifestyle hub PlantX Life (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) is establishing an expanding line of category verticals designed to firmly root its status as a one-stop shopping and education dynamo, selling more than 5,000 products in line with its mission and anticipating eventual forays into cosmetics, clothing and other product brands.

On Oct. 19 PlantX Life celebrated the announcement of another indoor plant vertical’s growth as wholly owned subsidary Bloomboxclub Limited (“Bloombox Club”) entered Canada as a direct-to-consumer indoor plant-selling business platform. 

Bloombox Club is an e-commerce platform for indoor plants based in the United Kingdom. With its expansion to Canada under the new domain https://bloomboxclub.ca/, the wellness community is gaining new options for access to high-quality indoor plants, plant-care packages, self-care packages, planting pots and accessories.

In the United Kingdom and Germany, Bloombox Club has delivered more than 100,000 plants to over 50,000 customers, according to the announcement (https://ibn.fm/s9KjY). The company has also begun expanding its range with plants that can live outside as well as indoors, including tea plants, citrus trees and an olive tree (https://ibn.fm/jbY7z). 

Parent company PlantX similarly is establishing an international growth presence through its flagship storefront in Canada’s Squamish, British Columbia and additional physical stores it is establishing in the United States (California market) and the State of Israel (https://ibn.fm/Ool9P). 

PlantX applied to the Toronto Stock Exchange (“TSX”) earlier this month to uplist its common shares in an effort to increase its access to capital markets. 

“Uplisting our shares to the TSX will mark a valuable milestone that will highlight PlantX’s impact and potential as a global leader in the plant-based industry. This is a crucial step in our growth that will significantly increase our brand recognition and could lead to enhanced trading activity,” CEO Lorne Rapkin stated (https://ibn.fm/Tt8bD).

PlantX’s wellness community ecosystem efforts involve eliminating barriers for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier and happier life, which means providing food-preparation tips, fitness and health insights, and education on home plant ownership through a podcast series, YouTube channel and blog outreach.

“We are looking forward to showing our customers that plant-based food is not only delicious but also highly accessible and fun for all, whether they are vegan or otherwise,” Rapkin stated (https://ibn.fm/JHNjT).  

For more information, visit the company’s websites at www.PlantX.com, www.PlantX.ca, and https://investor.plantx.com/ and view PlantX for Plant-Based Investors.

NOTE TO INVESTORS: The latest news and updates relating to PLTXF are available in the company’s newsroom at https://ibn.fm/PLTXF

About MissionIR

MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

For more information, visit www.MissionIR.com

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
[email protected]

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html

Posted in Small Cap News | Leave a comment

MissionIRNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Opens Pathway to Dry Flower Export Through Receipt of GACP Certification

Posted on October 25, 2021 by MissionIR

Flora Growth Corp. (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, today announced its receipt of the Good Agricultural and Collection Practices (“GACP”) certification by the Control Union Medical Cannabis Standard (“CUMCS”). According to the update, paired with the recent Colombian law change, Flora can now export its high-quality dry flower to international GMP active pharmaceutical ingredient (“API”) producers or to markets where flower can be imported. “In advance of this milestone, our team has signed several LOIs for the sale and distribution of dry flower and derivative products to several international jurisdictions, including the EU, Australia and Latin America. We are now in the position to unlock the significant potential from Cosechemos as we continue building our global distribution network,” said Jason Warnock, chief revenue officer of Flora Growth. “Our team believes this certification demonstrates our ability to offer high-quality output, while also serving as an important precursor to GMP certification so that we can produce pharmaceutical-grade cannabis products and cannabinoid-based active pharmaceutical ingredients.”

To view the full press release, visit https://ibn.fm/PiMu8

About Flora Growth Corp.

Flora is a cannabis company that leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage. As the operator of one of the largest outdoor cultivation facilities, Flora strives to market a higher-quality premium product at below-market prices. By prioritizing natural ingredients and value-chain sustainability across its portfolio, Flora creates premium products that help consumers restore and thrive. Visit www.FloraGrowth.ca or follow @floragrowthcorp on social for more information.

NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://ibn.fm/FLGC

About MissionIRNewsBreaks

MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
[email protected]

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html

Posted in Flora Growth Corp. FLGC, MissionIRNewsBreaks | Leave a comment

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Subsidiary Completes Development of Licensed Apopka Facility, Commences Cultivation Targeting Q4 Harvest

Posted on October 25, 2021 by MissionIR
  • Red White & Bloom completed the build-out of its Apopka facility – phase one of a development strategy – and immediately commenced cultivation following the receipt of a cultivation license
  • The initial licensed area is projected to generate annual revenue in excess of $10 million
  • The Apopka facility will support phase two of the strategy, which entails the activation of thirty customized, self-contained growing pods
  • Phase three will involve the activation of a 113,000 SF facility for cultivation located in Sanderson

Upon closing the acquisition of an operational 45,000 square-foot greenhouse situated on 4.7 acres of land in Apopka, Florida in early August (https://ibn.fm/l3Pye), the team at Red White & Bloom Florida LLC, a Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) subsidiary, embarked on the rapid development of the facility to ensure all compliance standards are achieved. The rapid development – build-out of Apopka – would constitute phase one of an aggressive three-phase development strategy for its Apopka and Sanderson facilities. 

In an October 12 press release, RWB announced that it had completed phase one of the strategy. In addition, having received regulatory approval to begin cultivation toward the end of September, RWB commenced operations on September 30 (https://ibn.fm/UcOrt). 

The initial licensed area in Apopka is capable of producing 85 g of flower per plant, translating to projected annual revenue in excess of $10 million. With a projected Q4 2021 harvest schedule in the facility, RWB has hired additional cultivation specialists specifically for the Florida project, fulfilling an earlier projection that the center would add tens of additional employment opportunities for the local community when fully operational.

“We brought this site into production ahead of forecast and ahead of budget, and I’m very proud of our Florida team,” stated RWB CEO Brad Rogers. “Despite being relatively new players in the Florida market, I feel we have the most talented team of PhDs and horticulturalists, and an incredible grow infrastructure to bring the highest quality products, rich in terpenes and cannabinoid content, to some of the best retail locations in the state starting Q1 2022.”

The Apopka facility will supply RWB’s phase two of the strategy, which entails activating thirty 16’ by 40’ customized, self-contained growing pods. First announced on April 6, the pods are part of the company’s plans to increase cultivation capacity by collectively providing about 19,000 square feet of operating space, with 14,400 square feet of canopy. They will also provide a unique opportunity for RWB to produce ultra-premium products for the Florida market (https://ibn.fm/hWmGK). 

With a targeted Q4 launch, the pods are expected to yield nearly 10,000 pounds of dried flower annually, representing a current market value of $30 million. The pods will be deployed at the Sanderson Property, which covers over 15 acres of land and houses a 113,000 square-foot facility for cultivation and processing. Notably, the activation of the latter facility constitutes the company’s third phase of the strategy.

As a company committed to becoming the superior and most recognizable cannabis company in the United States, RWB’s ethos covers retail, brands, and cultivation. In Florida, where it has already commenced cultivation, the company earlier announced that it would brand its Florida medical dispensaries beginning in Q4 and is developing a consistent retail footprint and product line to align with the medical market in Florida. RWB also boasts premium THC and CBD brands, including Platinum Vape, HighTimes, and more (https://ibn.fm/BlYjh).

For more information, visit the company’s website at www.RedWhiteBloom.com. 

NOTE TO INVESTORS: The latest news and updates relating to RWBYF are available in the company’s newsroom at https://ibn.fm/RWBYF

About MissionIR

MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

For more information, visit www.MissionIR.com

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
[email protected]

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html

Posted in Red White & Bloom Brands Inc. RWBYF | Leave a comment

MissionIRNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Announces Agreement with Preferred Stock Shareholders

Posted on October 25, 2021 by MissionIR

Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, has reached an agreement with certain company shareholders. The company noted that specific shareholders have agreed to a nonconversion lock-up period for their preferred shares; the shares, which represent more than 50 million RWB series II preferred shares, have a term that expires on April 24, 2022. The new agreement enables the shareholders involved to maintain their rights as preferred share shareholders. “RWB senior leadership, including myself, as well as a number of shareholders believe in RWB’s long-term house of premium brands strategy to lead the US cannabis industry,” said Red White & Bloom CEO and chair Brad Rogers in the press release. “We are continuing to strengthen every aspect of the company. Those that have been following us recognize the significant transformation that we are undertaking with additions to our team, expansion of our brands, and the imminent operationalizing of key investments we have made over the last couple of years. This lock-up extension reflects confidence in the vision and long-term growth potential of the Company by its founders, management and shareholders. We are committed to building the business and driving long-term shareholder value.”

To view the full press release, visit https://ibn.fm/SeW97  

About Red White & Bloom Brands Inc.

Red White & Bloom Brands is positioning itself to be one of the top-three multistate cannabis operators active in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on major U.S. markets, including Michigan, Illinois, Massachusetts, Arizona and California, with respect to cannabis, as well as the United States and internationally for hemp-based CBD products. For more information about the company, please visit www.RedWhiteBloom.com. 

NOTE TO INVESTORS: The latest news and updates relating to RWBYF are available in the company’s newsroom at https://ibn.fm/RWBYF

About MissionIRNewsBreaks

MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
[email protected]

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html

Posted in MissionIRNewsBreaks, Red White & Bloom Brands Inc. RWBYF | Leave a comment