QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Partners with HUB to Offer Best-in-Class Auto Insurance Solutions

 PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA), a leader in online vehicle transactions using smartphones, has announced an agreement with HUB International Ltd. (“HUB”), the largest privately held, personal-insurance brokerage in the country. As part of the agreement, HUB’s personal lines of automotive insurance solutions will be available on PowerBand’s virtual transaction platform to drivers in the United States initially, with plans to expand to Canada soon. Currently PowerBand offers its users the ability to buy, lease, sell, trade and finance a vehicle from any location using a smartphone or other digital device; the recently announced agreement adds auto insurance to the list of services PowerBand provides. “PowerBand is delighted to partner with HUB, one of the most respected brands in personal insurance,” said PWWBF CEO Kelly Jennings in the press release. “Our goal at PowerBand is to take unnecessary middlemen out of all aspects of the automotive retail business, to make acquiring a car and insurance as easy as buying a product from Amazon on your smartphone. This partnership with HUB is another important step in that direction by PowerBand.”

To view the full press release, visit http://ibn.fm/WfNFt

About PowerBand Solutions Inc.

PowerBand Solutions, listed on the TSX Venture Exchange and the OTCQB markets, is a fintech provider disrupting the automotive industry. PowerBand’s integrated, cloud-based transaction platform facilitates transactions among consumers, dealers, funders and manufacturers (“OEMs”). The platform enables users to buy, sell, trade, finance, and lease new and used, electric- and non-electric vehicles, on smart phones or any other online digital devices, from any location. PowerBand’s transaction platform — being trademarked under DRIVRZ — will be available across North American and global markets. For more information, visit www.PowerBandSolutions.com.

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

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
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Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) Grants Incentive Stock Options

 Exro Technologies (CSE: XRO) (OTCQB: EXROF), a leading technology company that has developed a new class of power electronics for powertrains, on Tuesday announced that it has granted incentive stock options to certain officers, employees and consultants to purchase an aggregate of 1,692,000 shares in the capital of the company, each at a price of $1.00, pursuant to the terms of its stock option plan. According to the update, all options are subject to vesting provisions and any shares issued upon exercise of an option will be subject to a hold period of four months and one day from the date of grant.

To view the full press release, visit http://ibn.fm/h99ig

About Exro Technologies Inc.

Exro is a Clean Tech company that has developed a new class of control technology for electric powertrains. Exro’s advanced motor control technology, “Coil Driver,” expands the capabilities of electric motors and powertrains. The Coil Driver enables two separate torque profiles within a given motor. The first is calibrated for low speed and high torque, while the second provides expanded operation at high speed. The ability to change configuration allows efficiency optimization for each operating mode, resulting in overall reductions in energy consumption. The controller automatically and seamlessly selects the appropriate configuration in real time so that torque demand and efficiency are optimized.

The limitations of traditional electric machines and power technology are becoming more evident. In many increasingly prominent applications, traditional methods cannot meet the required performance. This means either oversizing the equipment, adding additional motors or implementing heavy mechanical geared solutions. Exro offers a new solution for system optimization through implementation of the technology which can yield the following results: increased drive cycle efficiency, reduced system volume, reduce weight, expanded torque and speed capabilities. Exro allows the application to achieve more with less energy consumed.

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

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

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – The Movie Studio Inc. (MVES) Solidifies Position, Advances to ‘Second Tier of the Digital Revolution’

The Movie Studios (OTC: MVES), an independent motion-picture production and distribution company, continues to solidify its industry position as more entertainment consumers cut the cord and gravitate to Video on Demand (“VOD”). MVES recently filed an application with the U.S. Patent and Trademark Office as it seeks to protect its recognizable name, insignia, phrase and logo in preparation for the release of its new app that will showcase its motion picture content to a loyal global audience. A recent article discussing this includes commentary from MVES president and CEO Gordon Scott Venters, who stated, “The pending trademark of ‘The Movie Studio’ fulfills our objective as we enter the second tier of the digital revolution. We have confidence in the value proposition of the brand and our acceleration into the exploding digital motion picture universe.”

To view the full article, visit http://ibn.fm/m9fYD

About The Movie Studio Inc.

The Movie Studio is a vertically integrated, motion-picture production and distribution company engaged in the acquisition, development, production and distribution of independent motion-picture content for worldwide consumption, with a particular focus on video on demand (“VOD”), foreign sales and various media devices. The company is disrupting traditional media-content delivery systems with its digital business model of motion-picture distribution and intends direct server access of its content with geo-fractured territories for worldwide distribution. The company was formerly known as Destination Television Inc. and changed its name to The Movie Studio Inc. in November 2012. It is headquartered in Fort Lauderdale, Florida. For more information, visit the company’s website at www.TheMovieStudio.com.

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

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – InsuraGuest Technologies Inc. (TSX.V: ISGI) (OTC: IGSTF) Strengthens Vacation-Rental Presence Through End-to-End Platform, API Integration

 InsuraGuest Technologies (TSX.V: ISGI) (OTC: IGSTF), an innovative insurtech leader, has completed integration of Hostfully Inc.’s end-to-end, property-management platform with InsuraGuest’s Application Programming Interface (“API”) (http://ibn.fm/zcaj7). This move positions InsuraGuest to bolster its presence in the vacation-rental market and boost revenues, with the partnership providing Hostfully clients access to InsuraGuest’s hospitality products. A recent article discussing this reads, “The integration of Hostfully’s property-management platform and InsuraGuest’s API allows Hostfully clients — vacation rental operators and owners — to provide their patrons with InsuraGuest’s Hospitality Liability coverage. . . . More partnerships like this are forthcoming. The InsuraGuest insurtech platform is capable of meshing with approximately 70 different hotel property-management systems, including Oracle Opera, Hilton-ONQ, Springer-Miller Systems, Marriot Fosse, Marriott Full Service, Agilysys and Lightspeed GPS.”

To view the full article, visit http://ibn.fm/SC4DM

About InsuraGuest Technologies Inc.

Harnessing the Power of Technology to Reinvent Insurance

InsuraGuest Technologies is an insurtech (insurance + technology) company that is disrupting the insurance landscape by utilizing its proprietary software platform to deliver digital insurance to multiple sectors. The company is transforming the way insurance is delivered with the revolutionary idea that insurance should be bought, not sold. For more information, visit the company’s website at www.InsuraGuest.com.

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

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

PacRoots Cannabis Corp. (CSE: PACR) Seeks to Blaze Path with Genetics-Based Approach Towards Cannabis Cultivation

 

• PacRoots Cannabis employs genetic modification to customize cannabis strains in bid to enhance product potency, quality
• Company has strategic licensing agreement with Phenome One, a bio-tech firm boasting a database of over 350 unique live cannabis strains
• Partnership allows PacRoots ability to optimize genetic makeup of its cannabis crop based upon plant’s intended end use
• Use of genetic modification can also help companies cultivate plants which are better suited towards overall yield enhancement, thereby boosting overall profit margins

In the late 1860s, Friar Gregor Mendel, an Augustinian monk and scientist living in a monastery in the depths of the Austrian empire, set about cross-breeding different species of garden pea plants – an experiment which would ultimately plant the seed for genetic modifications in modern agriculture. Over 150 years later, the cannabis industry is picking up from where Friar Mendel left off. PacRoots Cannabis (CSE: PACR), a Canada-based company, has sought to adopt a genetics-focused approach towards producing premium quality cannabis products—positioning itself to become a trailblazer in providing industry-leading strains not currently available in the regulated market.

PacRoots expects to be cash flow positive within its first year of trading following the sales from the 100-acre Hemp Project, in Rock Creek, BC. The company has embraced Phenome One’s growing IP, methods and systems; including systematic planting of young hardy plants in rows vs a seed spread, advanced weed suppression and a rigorous nutrient formulae and irrigation regime that will drive quality and yield (http://ibn.fm/OVwjG).

As part of the agreement, PacRoots Cannabis will gain access to Phenome One’s database of over 350 unique, live cannabis strains, which have been carefully field-tested and artificially selected over 30 years of research. Acquiring the ability to optimize the genetic makeup of its cannabis plants will enable PacRoots Cannabis to not only develop unique strains featuring a variety of beneficial characteristics but also enhance the potency, bud quality and overall yield of its plants.

“This is a major opportunity for PacRoots to be positioned to offer customers an extensive collection of cannabis cultivars,” said PacRoots CEO and President Patrick Elliot. “At PacRoots, we pride ourselves and our customers with quality and we are thrilled with the opportunity to partner with Phenome One, establishing a robust cultivar portfolio that compares favorably over others in the Canadian cannabis space” (http://ibn.fm/G7tJr).

The use of artificial selection and marker-assisted breeding has enabled cannabis cultivators to optimize the size, color, smell, density and texture of the resulting cannabis crop – thereby allowing for particular strains to be customized depending on their end-use. Whether it be proprietary high-THC strains, cannabidiol-dominant strains with rare terpene profiles, or custom strains finely tailored for medical purposes (http://ibn.fm/NzrCU), the ability to visualize, control and potentially modify the genetic structure of their marijuana plants allow cannabis companies to maximize the quality of their products. Moreover, the use of genetic modifications has allowed companies to boost the overall profitability of their businesses by enhancing plant yields – for instance, selecting genetic makeups which result in larger and more numerous buds on each plant can help PacRoots Cannabis ultimately grow more cannabis per grow light.

“You can get more yield off of a plant if you can refine the genetics and that allows us to have more grams, more kilograms coming out of this place per year,” explained Canopy Growth’s Vice President of communications Jordan Sinclair during a 2019 interview at the company’s Tweed Farms operations (http://ibn.fm/XZ90J).

With the use of cannabis-based products gaining increasing prominence and acceptance across wide swaths of society, the need to enhance and differentiate cannabis products through their genetic makeup is rapidly becoming a priority for cultivators in the sector.  Through its pioneering approach towards producing premium-grade cannabis strains, and following its tie-up with Phenome One, PacRoots Cannabis is well on its way towards creating a unique foothold for itself within the global cannabis industry.

For more information, visit the company’s website at www.PacRoots.ca.

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

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Net Element Inc. (NASDAQ: NETE) Works to Enhance Shareholder Value, Adapts to COVID-19 Fallout

 

• NETE releases Q2 2020 financial report
• CEO notes impact of COVID-19 on financial results, points to continued efforts to increase shareholder value as merger approaches
• Shareholder letter provides clarification on expected number of shares

Net Element (NASDAQ: NETE), a global financial technology and value-added solutions group, released its financial report for Q2 2020 (http://ibn.fm/d1h9G), the period ended June 30, 2020; NETE also provided more clarifying information about its pending merger with Mullen in an Aug. 19 shareholder letter (http://ibn.fm/W1ahe).

In its financial report, NETE noted that, during second quarter 2020, total transaction volume decreased to $717.9 million, as compared to $950.2 million for the same comparable period the year previous. In addition, net revenue decreased to $13.7 million, as compared to $16.5 million for Q2 2019. Operating expenses decreased to $2.2 million, as compared to $5.2 million for the same comparable period. Gross margin for the quarter decreased to $2.2 million compared to $2.6 million for Q2 2019.

“The COVID-19 pandemic continued to negatively impact our financial results during the second quarter of this year,” said Net Element CEO Oleg Firer. “Our ability to adapt quickly by implementing safety protocols to protect our employees has been successful so far, and we are happy to report we have had zero cases of COVID-19 among our employees. We also implemented cost-cutting initiatives while boosting support for our merchants through e-commerce solutions, contactless payment alternatives and online food ordering for restaurants. We continue working diligently to increase shareholder value as we continue to work toward the proposed merger with Mullen Technologies Inc.”

On August 5, 2020, Net Element announced the execution of a definitive agreement to merge with privately held Mullen Technologies Inc., a Southern California-based electric vehicle company, in a stock-for-stock reverse merger in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company (http://ibn.fm/zDnEP). The completion of the merger is subject to shareholder and NASDAQ approval, as well as other conditions referenced in the merger agreement.

Firer provided clarification regarding the upcoming merger in a recent shareholder letter. “Since announcing the contemplated merger, we have received a number of inquiries from shareholders requesting clarification regarding the expected number of shares that will be outstanding at closing if the pending merger with Mullen were to be approved,” the letter states. “The Merger Agreement provides for a cap of 75 million outstanding shares at the closing of the transaction which cannot be exceeded without both parties’ approval; however, this is a maximum number, and there is no way of knowing the actual number of shares that will be outstanding at that time.”

Firer notes that, if the share price on the transaction closing date is the same as the closing price on August 18, 2020 (the day before the letter was released), NETE anticipates that the number of shares outstanding at closing will be approximately 50 million. “If the share price on the transaction closing date is less than the closing price on August 18, 2020, the company anticipates that the number of shares outstanding at closing will be greater than 50 million but subject to the 75 million share cap,” the letter said.

Net Element Inc. is a global financial technology and value-added solutions group that supports electronic payments acceptance in an omni-channel environment spanning across point-of-sale, e-commerce and mobile devices. The company operates a payments-as-a-service transactional model and value-added services platform for small to medium enterprises in the U.S. and selected emerging markets.

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

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

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks — Cybin Corp. Names Health-Care, M&A Expert as New Chief Executive Officer

 Cybin Corp., a life-sciences company advancing psychedelic pharmaceuticals, has announced that Doug Drysdale has been appointed as CEO. With more than three decades of experience, Drysdale brings invaluable insight and expertise to his new role. In 2014 as a corporate director of a NASDAQ-listed pharmaceutical company, he led the company’s recapitalization efforts, raising an estimated $65 million. Consequently, he was appointment chairman and CEO and revamped the company’s management team and board of directors while also building a 220-person sales team — all within the first year. Ultimately he grew the company’s enterprise value exponentially from $80 million to around $800 million. In addition, as head of M&A at Actavis Group between 2004 and 2008, Drysdale led 15 corporate acquisitions across three continents along with raising approximately $3 billion of capital and managing lending syndicates, including over 25 banks, to fund growth. “With his myriad business accomplishments, Doug is the ideal leader for Cybin,” said Cybin co-founder and COO Paul Glavine in the press release. “We believe that his extensive health care sector background and international company management skills will help Cybin strengthen partnerships, develop strategic alliances and expand our international presence. We believe his strong leadership experience will help focus Cybin during our initial path to profitability.”

To view the full press release, visit http://ibn.fm/KJ7X0

About Cybin Corp.

Cybin is a life-sciences company advancing mushroom-based psychedelic and nutraceutical products for various psychiatric and neurologic conditions. Cybin is developing technology that seeks to improve bioavailability to achieve the desired effects of psychedelics at lower dosages. Cybin is developing products with new delivery systems and intends to support clinical trials to evaluate efficacy to potentially combat major depressive disorder and addiction and improve cognitive flexibility. For more information about this company, please visit www.Cybin.com.

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

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php