Koios Announces New Exclusive Flavor to its Beverage Lineup
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VANCOUVER , June 12, 2019 /CNW/ – Koios Beverage Corp. (CSE: KBEV; OTC: KBEVF) (the “Company” or “Koios”) is pleased to announce that it is currently in production for the launch of a new and exclusive flavor to its Koios beverage lineup.
The Company has been working alongside its partners in the sports nutrition field to create a new and exclusive flavor, Strawberry Shortcake. As retail sales continue to increase each week due to the popularity of its current lineup, which include the Apricot Vanilla, Peach Mango, Berry Genius, Blood Orange, and Pear Guava beverages, the Company has decided to formulate a sixth new and exciting flavor.
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“Strawberry Shortcake is a nostalgic throwback to summer desserts we enjoyed as kids,” said Chris Miller CEO of Koios. Adding further, “Working alongside our partners during the creative process gave us a more in-depth feel for consumer appeal. Collectively, we decided on Strawberry Shortcake, as this unique flavor profile has not yet hit shelves in a ready to drink format. We are incredibly excited to share this new flavor with our community of consumers and hope that everyone enjoys it just as much as we do!”
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Koios beverages, in partnership with nationwide retailers are available in over 5,000 retail locations across the United States . Strawberry Shortcake will be exclusively available for a limited time at one of our nationwide retailer partners, before being released to all of our partner retailers throughout the country later this summer. We hope that the addition of this exclusive flavor will drive additional traffic to our retail partners and that our brand recognition will continue to increase within the sports nutrition community.
The Company has seen sales continue to increase each week since inception, and it has continued to receive additional purchase orders from GNC.
“The initial purchase orders we received from our nationwide retailer partners were considerable and we are encouraged to be receiving additional purchase orders in such quick turnaround time. Our online presence also continues to grow with our Instagram account reaching almost 40,000 followers, demonstrating that the Koios beverage lineup is becoming very popular. The additional purchase orders, plus increased weekly sales data and our social media presence proves that demand is strong as we set ourselves up for momentous growth,” said Chris Miller CEO of Koios.
On behalf of the Board of Directors of the Company.
KOIOS BEVERAGE CORP.
“Chris Miller”
Chris Miller , CEO, and Director
About Koios Beverage Corp.
The Company is an emerging functional beverage company which has an available distribution network of more than 5,000 retail locations across the United States in which to sell its products. Koios has relationships with some of the largest and most reputable distributors in the United States , including GNC, Walmart Inc., and Wishing-U-Well. Together these retailers represent over 50,000 brick and mortar locations across the United States from sports nutrition stores to large natural grocery chains. Through its partnership with Wishing-U-Well, Koios also enjoys a large presence online, including being an Amazon choice product.
Koios is also the sole owner of Cannavated Beverage Corp., a subsidiary that develops beverage products and formulas for the growing CBD market. Koios uses a proprietary blend of nootropics and natural organic compounds to enhance human productivity without using harmful chemicals or stimulants. Koios products have been shown to enhance focus, concentration, mental capacity, memory retention, cognitive function, alertness, brain capacity and create all day mental clarity. Its ingredients are specifically designed to target brain function by increasing blood flow, oxygen levels and neural connections in the brain.
Koios produces one of the only drinks in the world infused with MCT oil. MCT oil is derived from coconuts and has been shown to help the body burn fat more effectively, create lasting energy from a natural food source, produce ketones in the brain, allowing for greater brain function and clarity, support healthy hormone production and improve immunity. For more information, please visit our website: https://www.koiosbeveragecorp.com.
Forward-Looking Statements
This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this news release include statements regarding: statements with respect to the growth and size of the functional beverage and CBD infused beverage markets; statements with respect to our projected sales forecasts; statements with respect to our relationship with GNC to increase retail traffic; statements with respect to the perceived benefits that a new and exclusive flavor will bring to the Company; and statements regarding the business of the Company. The forward-looking statements reflect management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could cause actual results or events to differ materially from current expectations include: (i) adverse market conditions; (ii) changes to the growth and size of the functional and CBD infused beverage markets; (iii) consumer acceptance and adoption of functional beverages and CBD infused beverages as compared to other beverages; (v) changes which may affect the legalization of markets in the US and Canada ; and (v) other factors beyond the control of the Company. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Koios has not conducted any scientific studies on the effects of Koios’ products which have been evaluated by Health Canada or the U.S. Food and Drug Administration. As each individual is different, the benefits, if any, of taking Koios’ products will vary from person to person. No claims or guarantees can be made as to the effects of Koios’ products on an individual’s health and wellbeing.
SOURCE Koios Beverage Corp.
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Everything Lining Up Perfect for Meguma Gold (NSAU.CNX) Here is Why You Should Be Paying Attention
As trade tensions rise between what appears to be the only two economies capable of staving off a global recession in the US and China, we’ve been on the lookout for plays that traditionally weather the storm that often comes with a pullback.
One such play that’s flying completely under the radar right now has us very excited and we are happy to bring it to you before anyone else. It’s a North American Gold mining play that has some unique advantages over the other guys that we want to share with you.
After Major Buyout All Eyes on Meguma Gold
The company’s name is MegumaGold Corp, which traditionally trades in the Canadian markets under the ticker NSAU.CN but can also be found on the American OTC trading under the ticker NSAUF.
Currently trading at the low price of $0.0892, MegumaGold Corp is a fresh face in the mining exploration industry that began trading around this time last year but don’t let that fool you as the company is one of the single largest mineral claims holders in Nova Scotia and has the potential to constitute a district-scale gold development opportunity across their 179,280 hectare land position and over 11,147 mineral claims.
When it comes to mining companies worth our watch list, it all comes down to location, location, location. There’s simply nothing a mining CEO can do if there’s nothing worth mining on the land. With that being said, we believe that MegumaGold has tapped into something worth your immediate attention.
Why do we believe this? Because they own land bordering one of the biggest success stories in junior gold mining this year.
Atlantic Gold saw its price surge 73% YTD after receiving a buyout offer of $802 Million from Australian gold producer St Barbara for 100% of the gold company.
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Because of this buyout offer, and the fact that MegumaGold’s extensive land holdings are directly adjacent to Atlantic Gold’s, many analysts believe that there is significant gold content near the surface of MegumaGold’s projects. This is an excellent sign that MegumaGold is in the right position to capitalize on their potentially perfect location.
Could MegumaGold have the potential to get a buyout opportunity like Atlantic Gold? Only time will tell but if recent news is any indicator, I think they’ve struck gold on this one.
Why? Because MegumaGold hopped onto our radar back at the end of May after announcing that its initial field work at its Ecum Secum property has returned composite samples grading gold as high as 49.79 g/t from waste rock piles associated with past mining operations. These results, in part, support presence of gold mineralization in geology additional to the main veins targeted in past production.
Ecum Secum is a site of past high-grade gold production for which Nova Scotia government assessment reporting records show an average grade of approximately 12 g/t for total estimated production of 1,275 ounces of gold from 2,984 tons (2707 tonnes) processed.
Further, the company has sufficient capital to continue their drill program and their numerous historical deposits and mineral claims could lead to additional discoveries.
Get The Full Report Here: https://finance.yahoo.com/news/megumagold-fieldwork-returns-49-79-113000604.html
Now while location is a key indicator for success when it comes to gold mining, it means almost nothing if the company that owns the land doesn’t have a plan in place to move forward with exploration and extraction. Again, MegumaGold surprised us with a few key catalysts that have made us very happy as we completed our due diligence on this junior gold mining company play.
MegumaGold Key Catalysts:
- Properties contain large number of gold showings and exploration targets identified by historical work.
- Disseminated gold model and extensive anticlines onstrike have not been fully assessed with advanced exploration.
- MegumaGold portfolio provides an opportunity for immediate discovery by modern low-cost gold exploration methods.
- MegumaGold holds a premier land position for testing disseminated gold deposits – adjacent to Atlantic Gold’s operations.
- MegumaGold is well-funded to support advanced exploration and major drilling campaign.
MegumaGold Project Summary:
- MegumaGold has acquired 11,147 mineral claims totaling 179,280 hectares becoming one of Nova Scotia’s single largest mineral claim holders.
- Claims staked along under-explored trends of known gold occurrences within anticlinal structures Meguma now controls approximately 466 km (total strike length) of gold-prospective anticlines.
- Recently completed a 12,342 kilometre aeromagnetic and radiometric survey and acquired 1,110 square kilometres of LiDAR.
- Planning an aggressive state of the art exploration program to develop a proprietary “fingerprint” model for identifying new deposits and drill targets.
- MegumaGold believes that these land holdings constitute a district-scale gold exploration and development opportunity.
Nova Scotia:
Nova Scotia has a rich gold mining history with in excess of 65 historic gold districts hosting a plethora of past mining operations. Between 1862 and 1927, it was reported that almost 1 Million ounces of gold was mined from over 2 million tons of crushed material.
And, in recent years, after completing extensive geological work, Nova Scotia has seen a resurgence of gold mining as its a safe mining jurisdiction with a strong local mining force that is also being supported by the Nova Scotian Government.
Nova Scotia has experienced a paradigm shift in the understanding of the genesis and economic potential of its gold deposits.
As stated, gold in Nova Scotia has been mined intermittently since the 1860’s from over 350 locations, mainly from high-grade, nugget-style quartz veins. Discovery in the late 1980’s of significant, disseminated gold hosted within argillaceous shales at the Touquoy Deposit in Moose River and the recent opening of Canada’s newest mine by Atlantic Gold has renewed interest in Nova Scotia’s historic gold districts.
MegumaGold believes this new understanding of the greater deposit model demonstrates how historic vein-focused production extracted but a mere fraction of the total gold potential and that wide zones of non-visible, disseminated gold in Nova Scotia, presents an opportunity to advance Nova Scotia as a world-scale gold mining district.
Positioned for Success Through Anticlinal Control
In Nova Scotia, significant quantities of gold are hosted in regional-scale anticlinal structures. These structures are critical to the concentration of gold in near surface, low-cost economic quantities.
The evolution of the disseminated gold model has also generated new investor and industry awareness of the significant potential of Nova Scotia’s anticlinal structures.
Through Meguma’s 100% owned 11,147 mineral claims totaling 179,280 hectare the company estimates that it now controls approximately 466 km of gold-prospective anticlines.
Killag Project
- Through its maiden drill campaign at Killag the company has established anomalous gold over a strike length of more than a 1km
- The Killag Gold District held by MegumaGold is reported in Nova Scotia Department of Energy and Mines database records as having produced at least 3,500 ounces of gold from underground mining between 1869 and 1946 at an estimated average gold grade of 0.96 oz/ton (32.91 g/t). Historic work in the immediate area of past mining is documented in government records and these clearly show that the property has not been extensively explored to date.
- The 2019 maiden RC drilling program completed by the Company resulted in the discovery of new, high grade gold mineralization intercepts in zones of combined quartz veins and argillite that occur in the vicinity of past workings and also to both east and west of the workings area, which was most directly tested by previous exploration. These new mineralized intercepts remain open in both strike and dip extents within the Axial Zone and are targeted for additional drilling during the 2019 field season.
- Interpreted results of 2018 airborne geophysics, historic work compilation and 3D modelling programs by MegumaGold were used to target 2019 RC drill holes at Killag. In February and early March of 2019. 20 inclined RC drill holes (1622m) were completed to initially test the Axial Zone mineralization concept in the “Killag East” area and to provide stratigraphic assessments in the Killag Central and Killag West areas.
Dufferin Gold Project:
- The Dufferin Gold Project consist of 218 claims covering approximately 3,529 Ha
- Meguma Gold claims are located along strike and adjacent to Resource Capital Gold Corp’s property.
- Discovered in 1868, production on the adjacent property totaled approximately 35,300 ounces of gold mined from 110,566 tons of ore between 1883 and 1925 from 18 vein systems over a strike length of 1.5 km
- East Dufferin was discovered in the early 1980’s, production in 2001 of 55,000 tonnes averaging a recovered grade of 13.4 g/t Au. A total of 35 quartz saddle reef zones have now be discovered over 3 km of strike length
- Adjacent property hosts an Indicated Resource of 115,500 tonnes @ 11.9 g/t gold for 58,000 contained ounces and an Inferred Resource of 703,900 tonnes @ 6.6 g/t gold for 150,000 contained ounces (NI 43-101 Resource Estimate – Resource Capital Gold Corp – April 2017)
- Recent PEA completed on adjacent property indicates 216,050 gold ounces could be recovered over a 10 year mine-life with a post-tax $89.2M NPV (5%) and 121% IRR (NI 43-101 PEA – Resource Capital Gold Corp – Apr 2017)
Goldboro & Isaacs Harbour
- The Goldboro & Isaacs Harbour claim blocks consist of 174 claims covering approximately 2,815 Ha and located along strike and adjacent to Anaconda Mining Inc.’s property
- Mining in the Goldboro area between 1893 and 1912 produced approx. 55,000 ounces of gold mined from approx. 415,000 tons of ore at an average grade of 6.7 g/t
- Mining in the Goldboro area between 1893 and 1912 produced approx. 55,000 ounces of gold mined from approx. 415,000 tons of ore at an average grade of 6.7 g/t
- A total of 65,968 metres of surface and underground diamond drilling was completed between 1984 and 2011 on the adjacent property
- Adjacent Goldboro property hosts a Measured & Indicated Resource of 3,645,000 tonnes @ 4.48 g/t gold for 525,400 contained ounces and Inferred Resource of 2,542,000 tonnes @ 4.25 g/t gold for 347,300 contained ounces – combined open-pit & underground mining scenario (NI 43-101 PEA – Anaconda Mining Inc. – Mar 2018)
- Recent PEA completed on adjacent Goldboro property indicates 375,900 gold ounces could be recovered over an 8.8 year mine-life with a post-tax $61M NPV (7%) and 26% IRR (NI 43-101 PEA – Anaconda Mining Inc. – Mar 2018)
Mooseland Area Project
- The Mooseland Area Project consist of 243 claims covering approximately 3,934 Ha
- Meguma Gold claims are located along strike and adjacent to NS Gold Corporation’s property
- Discovered in 1858, production in the area totalled approximately 3,865 ounces of gold mined from 9,058 tons of ore between 1863 and 1934
- Historically mined from stratabound, quartz vein-hosted gold mineralization
- Between 1986 and 2011, 3 companies completed 183 diamond drill holes totalling 44,385 metres in the area
- An adjacent property hosts an Inferred Resource of 2,520,000 tonnes @ 5.6 g/t gold for 454,000 contained ounces (NI 43-101 Resource Estimate, July 2012 – NSGold Corporation)
Greater Goldenville Area
- The Greater Goldenville Area Project consist of 233 claims covering approximately 3,772 Ha
- Meguma Gold claims are located along strike and adjacent to Osprey Gold’s property
- Approximately 212,300 ounces of gold mined in the area from 551,797 tonnes of ore between 1862 and 1942
- Historically mined from stratabound, quartz vein-hosted gold mineralization
- 150 drill holes totalling 30,159 metres have been completed in the area since 1985
- The adjacent Osprey Gold property hosts an Inferred Resource of 2,800,000 tonnes @ 3.20 g/t gold for 288,000 contained ounces – combined open-pit and underground scenario (NI 43-101 Resource Estimate Osprey Gold–Mar 2017)
Greater Beaverdam Project
- The Beaver Dam claim group consists of 114 claims covering roughly 1,824 Ha on strike of Atlantic Gold’s property which contains a 43-101 resource cut-off grade of 0.5 g/t Au, the optimized pit shell contains Measured and Indicated Resources of 9.27 Mt at an average grade of 1.43 g/t Au and 1.84 Mt of material at 1.37 g/t Au in the Inferred category (Atlantic Gold website).
- Gold was first discovered in the Beaver Dam area in 1889 and by 1941 a total of 967 oz were mined.
- From 1986 to 1989 Seabright mined approximately 41,119 tonnes at a grade of 1.85, almost exclusively quartz material.
Fifteen Mile Stream Regional Project
- The Fifteen Mile Stream claim block consists of 177 mineral claims covering 2,865 Ha. Gold was first discovered in the Fifteen Mile area in 1867 with about 19,400oz mined between 1883 and 1911.
- The Fifteen Mile Stream claim block encompasses the northeast extension of the anticlinal structure which hosts Atlantic Gold’s 43-101 compliant resource described as; a selected cut-off grade of 0.35 g/t Au the optimized pit shell for Fifteen Mile Stream contains Measured and Indicated Resources of 10.58 Mt at an average grade of 1.33 g/t Au and 6.64 Mt of material at 1.12 g/t Au in the Inferred category.
Cochrane Hill Regional Project
- The Cochrane hill block consists of 556 mineral claims covering 9’001 Ha
- The Cochrane hill claim block is located along strike of Atlantic Gold’s Cochrane Hill property which had a 43-101 resource estimate completed in 2017. At a selected cut-off grade of 0.35 g/t Au the optimized pit shell for Atlantic Gold’s Cochrane Hill contains Measured and Indicated Resources of 10.66 Mt at an average grade of 1.16 g/t Au and 1.63 Mt of Inferred material at 1.32 g/t Au.
Moose River Area Project
- The Moose River block consist of 282 mineral claims covering 4,565 Ha and contains the extension of the anticline structure which hosts Atlantic Gold’s Touquoy deposit which contains a resource of 10.1 Mt at an average grade of 1.5 g/t Au and 1.6 Mt of inferred material at 1.5 g/t Au (Atlantic Gold Website)
- Gold production in the Moose River area dates back to 1877 and approximately 21,500 oz were produced in the area prior to Atlantic Gold becoming active.
The Team:
Theo van der Linde, CA President and Director: Mr. van der Linde is Chartered Accountant with 17 years of extensive finance, administration and public accounting experience in mining, oil & gas, financial services, manufacturing and retail industries. He has extensive experience with Junior Exploration (Mining and Oil & Gas) and producing mining companies at various stages of growth. He has in the past, and is currently working on projects in South Africa, West-Africa, East-Africa, Peru, United Kingdom, Sri-Lanka and the United States.
Regan Isenor CEO: Mr. Isenor obtained a B.A. from Acadia University and Masters in Project Management from Saint Mary’s University and has 14 years’ experience in exploration projects around the world with publicly traded companies. Mr. Isenor has worked on various international projects in Turkey (Menderes), West Africa (Burkina Faso, Bissa Hill deposit, Mali Siribaya Gold project), Ireland (Zinc), Northern Ontario and at home in Nova Scotia. Mr. Isenor served on the executive and was a past president of the Mining Society of Nova Scotia.
Fred Tejada, P.Geo. Independent Director: Mr. Tejada is a professional geologist registered in British Columbia. He has over 30 years of international mineral industry experience and has a proven track record, working with both major and junior mining and exploration focused organizations. He is currently CEO and director of European Electric Metals Inc, a company focused on electrification metals. Mr. Tejada was Country Manager for Phelps Dodge Exploration Corporation in the Philippines and previously Vice President for Exploration of Panoro Minerals Ltd. where he directed the resource definition drilling of its two major copper projects in Peru. He had also been previously involved in the exploration of the Trend and the Belcourt Saxon coal projects in Northeast British Columbia. Mr. Tejada is also a director of several junior mining companies based in Vancouver, BC.
Stephen Stine, PE Independent Director: Mr. Stine is a mining executive with 39 years’ experience in public/private company formation, acquisitions, turnarounds, debt and equity financings and mine operations around the world. Mr. Stine is a co-founder and former director of Alamos Gold where he served as COO in charge of exploration and production. Mr. Stine previously worked for Southern Peru Copper in Peru and speaks Spanish. Most recently, Mr. Stine acted as Director and COO of Etruscan Resources where he was responsible for turning around the Youga Gold Mine in Burkina Faso, West Africa. During that time, the mine doubled production and the cost of production was reduced by 50%.
The bottom line for MegumaGold is that they are continuing to execute on a sound business plan to establish the premier gold exploration opportunity base within Nova Scotia’s developing Meguma gold belt.
The pending acquisition of Atlantic Gold is a Gold Star indicator that they have positioned themselves in a new and untapped gold vein worth immediate attention as the province has now received international recognition as an emerging gold district that validates the bulk tonnage model Atlantic Gold first recognized and then perfected with the industry’s lowest cost per ounce.
All in all, Atlantic Gold was the trailblazer and MegumaGold is acting with sound mining strategy, taking advantage of a new golden era in Nova Scotia. Make sure to continue to follow MegumaGold as this one continues to develop.
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White Label Liquid Inc. (OTCMKTS:WLAB) Stock Gains Momentum, What To Do?
White Label Liquid, Inc. (OTCMKTS:WLAB) stock is going well this year with a gain of over 75% since the beginning of this year. Let’s analyze the recent developments about the company.
Florida based hemp-based CBD oil company White Label Liquid has established itself as one of the leading suppliers of customer mad CBD oil products to a range of big-ticket companies over the past few years.
White Label Liquid has considerable production capabilities and can churn out as many as 50,000 units per day. In addition to the largest cannabis companies, it also supplies to dealers, distributors, and stores all across the world.
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Financial Results
On 11 April this year, the company announced its financial results for 2018 and the numbers were highly encouraging. The company generated revenues of $7,006,110 and it topped its 2017 revenues of $5 million by a significant margin. The rise reflected a year on year rise of 250% and demonstrated the fact that the company has continued to grow at a fast clip.
However, in this regard, it is also necessary to keep in mind that White Label has continued to raise its range of offerings and back on 25 March this year, the company announced that it is going further expand its range of CBD oils. The move is particularly important since CBD oils are the fastest growing niche in the hemp market and White Label is determined to be one of the biggest players in that segment.
New products will include CBD infused olive oils, honey tinctures and much more. The CBD oils market is expected to be worth $22 billion at some point and White Label wants to capture a major chunk of it.
Varied Line Of CBD Products
Earlier on in March, on the 19th to price, it came to light that White Label provides the most varied line of CBD products to its clients. At this point in time, the CBD market has grown into a behemoth with a customer base of 10 million. White Label continues to be the main supplier for most resellers, who take White Label’s products and then sell it under their own label.
Eltek Ltd. (NASDAQ:ELTK) Stock Soars 550% In 2 Days, What’s The Buzz?
Shares of Eltek Ltd. (NASDAQ:ELTK) are gaining a lot of attention this week as the stock has skyrocketed all the way from $1.64 to $11 – Jump of 550% – in just a matter of days.
So why the ELTK stock is up so much? Looks like investors are reacting positively after the company has announced its financial and operational results for the first quarter of 2019 that ended March 31, 2019.
Q1 2019 financial results
The company generated $8.7 million in revenues in Q1 2019 compared to $8.9 million that was reported a year ago. There was a 5% increase in gross profits from Q1 2018 to around 1.5 million in Q1 2019. The company registered a net profit of $242,000 translating to $0.12 earnings per diluted share in Q1 2019 compared to Q1 2018 when it reported a net loss of $670,000 or $0.13 loss per share.
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The first quarter of 2019 has been a promising one and the company posted a positive EBITDA of around $811,000 relative to a year ago when there was a negative EBITDA of $185,000. There was a positive operating cash flow of around 1.6 million in the quarter ended relative to $776,000 that was used in Q1 2018.
Results reflect Eltek’s turnaround strategy
Commenting on the results Chief Executive Officer Eli Yaffe said that the company was delighted that the results are a reflection of the first stage of the implementation of its turnaround plan that commenced in Q4 2018. He added that the company continues with its effort of enhancing operating efficiencies, improving customer experience, formulating effective sales strategies as well as its continued implementation of the plan to achieve sustained profitability.
Eltek is an Israeli industry leader in the manufacture and supply of technologically advanced solution in the segment of printed circuit boards which are the main circuitry employed in electronic devices. The company is a specialist in production and distribution of high quality and complex printed circuit boards, multi-layered and flex-rigid boards and HDI boards. The Israeli based technology company is ITAR compliant and it has NADCAP and AS-9100 Electronic certification.
The company supplies leading companies in aerospace, defence, and medical sectors. It operates through its European and North America subsidiaries and via distributors and agents.
ELTK stock was up 326% in Wednesday’s session and closed at $7. Moreover, the stock continues to move higher in today’s session and up another 50% at $10.75.
Origin House (CNSX:OH) Stock Is Up 108% Since Its Listing on CSE
Origin House (CNSX:OH)‘s stock is up over 108% from its listing price of $5.40 on May 18, 2018. The stock closed at $11.27 CAD on May 17, 2019. Since its listing, OH’s stock has been moving within in a range of $3.18-11.40.
Origin House’s (recently renamed from CannaRoyalty Corporation) investors have had to with longer since its last quarterly report in November to know how the company performed in Q4 2018. Earlier this mornith, Origin House (OTCMKTS: ORHOF) announced its Q4 2018 financial results which shows the company has had tremendous revenue growth.
Q4 2018 results and milestones
The company began by offering cannabis operators with funding through royalty streaming deals. However the company has diversified and they now focus on the California cannabis brands as well as distribution operations although they still make considerable revenue from the royalty streaming business. Although the company didn’t give a breakdown of the Q4 revenue according to segments close to 92% of the revenue coming from cannabis operations in California. The rest of the revenue resulted from interests, royalties and services.
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Origin House’s Q4 2018 revenue grew 19% sequentially from Q3’s total revenue of $4.93 million. The growth in revenue was a result of Origin House’s California cannabis distribution business as well as the addition of new product line of cannabis brands.
Origin House agreements and deals
In Q4 2018 the company completed acquisition of 180 Smoke a Canadian based vape retailer. Similarly there are other notable developments that the company achieved in the quarter such as deals with Viola Brans, Henry’s Original and Kurvana. The company also entered strategic financing agreements with Utopia cannabis and Humboldt’s Finest Farms.
Perhaps the biggest development was plans by Cresco Labs (OTCMKTS: CRLBF) to acquire Origin House in one of the largest cannabis company all-stock transaction.
In a statement, Origin House president Afzal Hassan indicated that they were delighted about how the company performed last year. Most of the year was spent in developing and creating premium brands and a distribution platform in California.
Origin House CEO, Marc Lustig said that the Cresco labs acquisition was a result of the company’s aggressive creation of premium brands and a distribution platform in California. The combined entity will dominate the US with over 50 brands and 725 dispensaries.
Martello Technologies (CVE-MTLO) Stock Falls 39% Since RTO
Martello Technologies Group, Inc. (CVE:MTLO) stock has tumbled over 39% on the CSE since its reverse takeover transaction (RTO) on September 12, 2018. The stock fallen from $0.44 to $0.27.
Martello Technologies Group Inc. delivered impressive financial results for Q3 FY2019 helped by customer growth across all business lines. Expansion into high growth markets as well as the successful integration of acquisitions helped the company post a 44% increase in sales.
Q3 Financial Results
Revenue in the quarter totaled $3.1 million, representing a 136% year over year increase and 57% improvement from second quarter levels. Revenue for the first nine months of FY2019 totaled $7 million, representing a 105% increase.
Gross margin for the first nine months of the year totaled 93.7%, a 1% drop from 94.7% for the corresponding period last year. Amidst the robust revenue growth and solid gross margin, Martello plunged into a net operating loss of -$1.3 million compared to a net loss of -$18,961 as of the third quarter last year.
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Chief Executive Officer, John Proctor, has quashed concerns about the wider than expected net loss reiterating that investments made throughout the year have positioned the company for robust growth going forward.
Martello Outlook
During the year, the company achieved significant milestones expected to expand the addressable market, ideal for supporting revenue growth going forward. For instance, the company inked a strategic partnership with Paessler expected to make the company’s products available in the German market. Close ties with Mitel also continues to blossom depicted by the launch of Mitel Performance Analytics developed by Martello
An aggressive expansion drive has resulted in the deployment of Martello’s IT solutions in over 150 countries, creating a reliable stream of revenues. In addition, the company has diversified its revenue base on accruing a customer base made up of more than 5,000 customers.
The Company’s IT solutions and infrastructure continues to elicit strong demand from national as well as central bank institutions and hotels. Martello also continues to see an uptick in orders from large organizations such as the United Nations, KPMG, and United Postal Office.
Martello is also increasingly developing products to cater to the ongoing migration into the Cloud. The Company’s long-term vision is to become a leading provider of solutions for managing the performance of services in public, private, and hybrid cloud environments.
MediPharm Labs Corp. (OTCMKTS – MEDIF) Announces Solid Results, Stock Doubles in Six Weeks
MediPharm Labs Corp. (OTCMKTS:MEDIF) stock has been on fire over the past six weeks amid several headlines by the company. MEDIF stock has jumped over 100% since March 2019. MediPharm’s stock is up another 5% in early trading session after hitting a new 52-week high of $4.99..
This morning, MediPharm reported solid revenue growth in its fiscal first quarter. The company’s revenue soared 115% year over year to $22 million. Moreover, gross margin was stood at 31%.
Adjusted EBITDA increased by 102% to $4.3 million, over Q4 2018, Adjusted EBITDA. Acquired more than 5,000 kg of dried cannabis in the last two weeks of Q1 from multiple Licensed Producers to fulfill robust demand for private label offerings.
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Last week, MediPharm Labs begun trading under the symbol MEDIF after upgrading from OTCQB Venture Market to OTCQX Best Market. Additionally, The company also announced that it has received Depository Trust company eligibility for its common stock in the US.
DTC Eligibility
DTC eligibility simplifies the trading and transferring of common stock between brokerages in the United States. Patrick McCutcheon the CEO of MediPharm Labs stated that the company was delighted to receive DTC eligibility which will facilitate the trading of the company’s common stock in the markets. He added that they are also pursuing other opportunities to strengthen and enhance the company’s liquidity and value for stockholders while increasing accessibility for investors and institution in the US.
MediPharm Labs common stock will be settled and distributed through the automated DTC processes which give greater efficiency at reduced costs because of the use of electronic clearing and accelerated settlement of securities.
Change Of Ticker Symbol
The company indicated t5hat FINRA had approved the change of their stock trading symbol from “MLCPF” to “MEDIF” on OTCQB Markets. McCutcheon stated that as a fully licensed producer, MediPharm has scaled its operations to become a dominant market Leader in the processing of cannabis and manufacture of high-quality cannabis pharmaceutical products. he added that the company has embarked on an ambitious plan to boost its international and local growth as they strive to become a market leader.
The upgrading from the OTCQB Market to the OTCQX Market is one of the steps the company is taking to attain accelerated growth and it also shows the commitment of the company to transparency and improving liquidity. It is also a way of enhancing MediPharm’s exposure and access to investors to be part of the success of the company.
Jason Paltrowitz the OTC Markets Group Executive Vice President of Corporate Services indicated that MediPharm Labs was among a number of leading companies and innovators in their industry that have joined OTCQX Best Market. He added that OTCQX enables companies to provide investors with a transparent public market to research and trade their shares.
Considering the recent rally in the stock, it would be interesting to see where the stock will go from here on.
Predictive Technology Group Inc. (OTCMKTS – PRED) Jumps 50% This Week, Are You Watching?
Shares of Predictive Technology Group Inc. (OTCMKTS:PRED) are among the top penny stock gainers over the past month. The PRED stock has almost doubled on increase volume since April 16th. In fact the stock has jumped 52% this week alone amid multiple press releases. The biggest news was the company’s submission of its application to list its common stock on NASDAQ.
On May 07, Predictive Technology Group Inc. (OTCMKTS: PRED) has announced that its 100% owned subsidiary Predictive laboratories has enrolled 200 subjects in the Institutional Review Boards approved study for chronic joint and spine pain disease.
In other developments, yesterday the company announced the appointment a new Board of Directors Committee Chair and submitted an application to list its common stock on NASDAQ.
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IRB study
The goal of the IRB approved study is to carry out genetic research in diagnosis, prevention, and treatment of causative factors of chronic pain. The company has indicated that they have enrolled 200 volunteer participants who have already given their DNA samples to the Predictive Laboratories’ Biorepository as well as the provision of medical reports from their healthcare providers.
Bradley Robinson the CEO of Predictive Technology Group stated that in every five American adults at least one suffers from chronic pain and opioid use has led to increased addiction and overdose as patients try to find relief. He stated that there has been a positive response from patients who have enrolled in the study in search of a better solution to the pain. This will be a great milestone for predictive technology which will use its analytic capabilities to add genetic data to its robust pipeline to help in therapeutic treatments for the disease.
Appointment of Committee Chairs
In a quarterly meeting held on May 8, 2019, Predictive Technology completed its board committee appointments. John Sorrentinothe Chairman announced that Jay Moyes will be chairing the Audit and Compliance Committee while Ron Barhorst will chair the Compensation Committee. Sorrentino will be chairing the Nominating Committee.
Sorrentino said that the board has made great progress in setting predictive technology’s future by filling the important roles and welcoming of new board members.
Submission of NASDAQ listing application
Predictive Technology management has submitted an application to list its common shares on the NASDAQ Exchange. This is subject to NASDAQ approval and fulfillment of the necessary listing standards.