Namaste Technologies (NXTTF)(N:CA) – Provides a Corporate Update


Namaste Technologies Provides a Corporate Update

 

TORONTO, April 13, 2021 (GLOBE NEWSWIRE) — Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTFa marketplace platform for cannabis and wellness products, is pleased to provide the following corporate updates.

Namaste is pleased to announce that its wholly-owned subsidiary, CannMart Inc. (“CannMart”) has expanded its product offering to both our provincial customers who sell to recreational consumers and to our own medical customers across Canada at CannMart.com, by entering into a number of supply agreements including with CannTx Life Sciences Inc., Rilaxe Canna Inc. and Safari Flower Co.

CannTx Life Sciences Inc.:

A supply agreement with CannTx Life Sciences, a licensed cultivator and processor, to distribute Royal City Cannabis Co. branded premium artisanal hash products. These high purity handcrafted pressed ice hash products are derived from single strain whole flower cannabis material and washed in small batches to ensure the highest quality hash for Royal City’s consumers. These products will be sold and distributed throughout CannMart’s provincial footprint starting in Ontario in the adult use market and online through the medical platform via CannMart.com.

Rilaxe Canna Inc.:

A Canada-wide exclusive production and distribution agreement with Rilaxe Canna bringing to market a new format of edibles that are made from dried fruit with the intention to serve the wellness community, medical patients and adult use customers. There are presently only gummies and chocolate available in the edibles category across the country and this new novel line of products will further expand the category. CannMart is in a unique position to take a first mover advantage with this exciting new product offering. These products will be sold and distributed throughout CannMart’s provincial footprint starting in British Columbia in the adult use market and online through the medical platform via CannMart.com.

Safari Flower Co.:

A supply agreement with Safari Flower, a licensed cultivator and processor for various flower and various cannabis 2.0 categories. CannMart will be distributing products through its provincial body supply agreements and online through the medical platform via CannMart.com.

“We are very pleased to welcome all our new partners including, CannTx Life Sciences, Rilaxe Canna and Safari Flower to CannMart as we continue to expand our product offering to our customers,” said Meni Morim, CEO of Namaste. “We are excited to have these products available by the end of May of this year as we look to grow our future revenues. These products will be available for our medical patients across Canada online at CannMart.com, and through our business-to-business distribution channels throughout our provincial customers. The team continues to work very hard at successfully bringing in new partners as we look to be the world’s foremost marketplace in wellness.”

Findify Named as One of the World’s Best Personalized Site Search Apps

Findify has been named one of the world’s best personalized site search apps. The prestigious title was bestowed upon the company recently by experts at Ecommerce Tech, an organization which connects ecommerce teams with the right tech tools.

Findify is also specifically listed as being one of the most popular personalization apps, as well as one of the best personalization apps for large stores. The experts at Ecommerce Tech say they look for personalization apps that have a robust AI offering, load quickly and asynchronously, and include top notch analytics capabilities.

Ecommerce Tech said: “These personalization apps are for bringing the user closer to their desired outcome, in an automated way. They increase conversion rate and average order value.”
https://www.findify.io/findify-latest-news/findify-named-as-one-of-the-worlds-best-personalized-site-search-apps

About CannTx Life Sciences Inc.

CannTx Life Sciences is a privately-owned cannabis producer licensed by Health Canada under the Cannabis Act. As a producer of consumer cannabis products, CannTx is uniquely equipped to provide Plant Tissue Culture services alongside horticultural solutions to fellow Licensed Producers under its B2B division, Steadystem Solutions. From pathogens remediation and in-vitro storage (SteadyStorage) to scheduled provision of clean donor stock (SteadyStock) to production ready inputs (SteadyStarts) Steadystem can help operators reach their full potential. This biotech platform supports CannTx’s consumer cannabis product divisions, Bower Therapy (Medicinal) and Royal City Cannabis Co. (Recreational) and serve as the foundation of quality and consistency of their products. Steadystem Solutions continues to grow its library of validated genetics characterized across a holistic assessment of important agronomic traits. The company was incorporated in 2013 and is located near Guelph, Ontario, in the heart of Canadian agricultural innovation.

About Rilaxe Canna:

Rilaxe Canna is a privately-owned company located in Vancouver, British Columbia producing edibles with high-quality THC distillate that’s sourced locally from our fellow extractionists. Our delicious line of dried fruits are sourced sustainability from local suppliers here in BC. Made only with ingredients that are natural and 100% free of synthetic preservatives that may be harmful to our bodies. Our fruits are certified organic and vegan friendly. Our fruit suppliers focus on social, environmental and economic responsibilities and ethically source their dried fruits from farms across the world who are using approved organic farming methods to support local communities.

About Safari Flower Co.

Safari Flower is a privately-owned company located in Fort Erie, Ontario which cultivates new wave cannabis flowers of unique character for today’s generation of sophisticated consumers. Safari strives to bloom the best out of the plant’s native potential to maximize each cultivar’s most wild and natural expression. Buds are slowly harvested and trimmed by hands in small-batch rooms to preserve the distinct character of every flower; from visual texture to complex aromas and flavours that makes for extraordinary products.

About Namaste Technologies Inc.

Headquartered in Toronto, Canada, Namaste Technologies is a marketplace platform for cannabis and wellness products. At CannMart.com, the Company provides Canadian medical customers with a diverse selection of hand-picked products from a multitude of federally licensed cultivators and US customers with access to hemp-derived CBD and smoking accessories. The Company also distributes licensed and in-house branded cannabis and cannabis derived products in Canada through a number of provincial government control boards and retailing bodies and facilitates licensed cannabis retailer sales online in Saskatchewan. Namaste’s global technology and continuous innovation address local needs in a burgeoning cannabis industry requiring smart solutions.

Information on the Company and its many products can be accessed through the links below:

NamasteTechnologies.com

NamasteMD.com

Cannmart.com

For more information please contact:
Namaste Technologies Inc.
Meni Morim, CEO
Edward Miller, VP Investor Relations
Ph: 647-362-0390
Email: ir@namastetechnologies.com

Source: Namaste Technologies Inc

FORWARD-LOOKING INFORMATION – This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not historical in nature contain forward-looking information. Forward-looking information can be identified by words or phrases such as “may”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen.

The forward-looking information contained herein, including, without limitation, statements related to distribution of products on cannmart.com and through CannMart provincial buyers are made as of the date of this press release and is based on assumptions management believed to be reasonable at the time such statements were made, including, without limitation, Namaste’s ability to maintain momentum of expanding the CannMart Inc. business, as well as other considerations that are believed to be appropriate in the circumstances. While we consider these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release. Such factors include, without limitation: regulatory risk, risks relating to the Company’s ability to execute its business strategy and the benefits realizable therefrom and risks specifically related to the Company’s operations. Additional risk factors can also be found in the Company’s current MD&A and annual information form, both of which have been filed under the Company’s SEDAR profile at www.sedar.com. Readers are cautioned not to put undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.

Sierra Metals Inc. (SMT:CA)(SMTS) – Discovers New High-Grade Oxide Zone at Yauricocha Mine Peru


Sierra Metals Discovers New High-Grade Oxide Zone Located Within the Current Mine Operations Area at the Yauricocha Mine, Peru

 


Yauricocha Mine, Peru

  • The current drilling program along the Yauricocha Fault System demonstrates high-grade oxide mineralization occurring between the Cachi Cachi and Esperanza Zones, which continues and remains open at depth and above

Drill hole highlights include:

Hole No

From

To

Au

(g/t)

Ag

(g/t)

Pb

(%)

Cu

(%)

Zn

(%)

CuEq

(%)

Core length

Width

17-20-08

110.1

111.4

0.64

273

0.97

4.14

0.53

7.95

1.3 meters

17-21-01

55.7

56.6

4.58

571

22.58

0.02

0.13

15.48

0.9 meters

17-21-03

72.0

74.0

0.07

7

0.19

0.05

28.64

9.74

2.0 meters

17-21-05

71.8

73.5

0.33

281

16.62

0.16

1.25

8.09

1.7 meters

17-21-09

66.7

69.6

0.03

6

0.03

0.03

23.55

7.95

2.9 meters

17-21-13

88.0

89.0

0.03

5

0.01

0.09

29.05

9.82

1.0 meter


Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) today announces that drilling results demonstrating high-grade oxide polymetallic ore has been confirmed in an area between the Cachi Cachi and Esperanza zones along the Yauricocha Fault and within current operations at the Yauricocha Mine.

To date, 21 holes have been completed from an exploration adit at the 1070 level of the Yauricocha Mine in the Yauricocha Fault System area. These holes have intercepted oxide mineralization containing high-grade gold, silver, copper, zinc, and lead zones. These results demonstrate the potential for high-grade mineralization within the reported area and, more importantly, indicate the continued existence of extensive mineralization. These results come as part of an ongoing brownfield drilling program that is testing priority targets at the Yauricocha Mine, located 150 kilometers east-southeast of Lima in the Yauricocha Mining District (Cordillera Occidental), Peru.

Luis Marchese, CEO of Sierra Metals, stated: “The results announced today results represent the existence of further potential at a strategically important zone of the Yauricocha Mine with the confirmation of high-grade oxide mineralization at depth in the area next to existing operations. The Company made a strong commitment to brownfield exploration as part of its growth plan. Results such as the ones released today continue to demonstrate that this investment is paying off with the potential to grow our mineral resources further and add high-value tonnage. This ore will be processed in already existing oxide treatment plant facilities.”

Alonso Lujan, Vice President, Exploration of Sierra Metals, commented: “The results reported are from the area between the Esperanza and Cachi Cachi Zones. They demonstrate significant potential for mineralized resources laterally, to depth, and above in this area located along the Yauricocha Fault System, which was previously not explored. He added, “Following the success of this drilling program, further exploration will be conducted within the area to define its mineralized potential better.”

Mr. Lujan added, “In 2020, the Company commenced construction on a tunnel to connect the Esperanza and the Cachi Cachi orebodies, located 820 meters apart. The tunnel allowed exploration along this area adjacent to the trend of the mineralized bodies at the Yauricocha mine. This zone is a top priority exploration target for the Company due to its favorable geologic setting and strong geophysical anomalies from our Titan 24 Survey. Today’s announcement corresponds to the drilling campaigns of the first two exploration stations along this tunnel. Further drilling stations are planned in the coming months once the tunnel reaches the Cachi Cachi orebodies.”

A map of the Yauricocha Mine 1070 level demonstrating the area of drilling between the Cachi Cachi and Esperanza Zones is shown in Figure 1.

Table 1 –Drill Hole Assay Results from the Program

No Hole

From

To

Width

Au

Ag

Pb

Cu

Zn

EQ Cu*

(m)

g/t

g/t

%

%

%

%

E ESPN 17 21 01

55.7

56.6

0.9

4.58

571

22.58

0.02

0.13

15.48

61.0

61.8

0.8

0.03

195

4.15

0.01

0.09

3.19

E ESPN 17 21 13

88.0

89.0

1.0

0.03

5

0.01

0.09

29.05

9.82

139.8

140.0

0.2

0.03

6

0.01

0.01

3.21

1.17

E ESPN 17 21 03

72.0

74.0

2.0

0.07

7

0.19

0.05

28.64

9.74

99.9

105.4

5.6

0.06

20

0.02

0.07

23.35

8.09

E ESPN 17 21 05

71.8

73.5

1.7

0.33

281

16.62

0.16

1.25

8.09

78.5

81.7

3.2

0.17

18

0.10

0.51

5.57

2.71

E ESPN 17 21 09

66.7

69.6

2.9

0.03

6

0.03

0.03

23.55

7.95

E ESPN 17 20 08

61.6

64.4

2.8

0.09

76

0.74

0.07

5.74

3.03

108.3

110.1

1.8

0.05

42

0.63

0.31

3.92

2.26

110.1

111.4

1.3

0.64

273

0.97

4.16

0.53

7.95

200.9

202.0

1.1

0.03

169

0.02

3.57

0.06

5.39

E ESPN 17 20 01

142.0

147.0

5.0

1.40

45

0.40

2.55

1.08

4.57

147.0

152.5

5.5

2.33

146

2.51

0.45

1.52

4.95

E ESPN 17 21 08

85.7

88.0

2.3

0.03

5

0.01

0.04

14.29

4.86

E ESPN 17 21 12

59.2

61.7

2.5

0.16

211

3.20

0.06

1.62

3.77

E ESPN 17 21 11

29.8

30.5

0.7

0.04

9

0.37

0.14

3.57

1.55

71.5

73.9

2.4

0.03

20

1.27

0.04

7.89

3.22

E ESPN 17 21 02

16.7

17.5

0.8

0.03

8

0.12

0.02

6.86

2.44

82.3

83.3

1.0

0.24

18

0.89

0.03

0.24

0.72

E ESPN 17 21 04

30.2

30.5

0.3

0.03

13

0.78

0.04

1.33

0.84

62.4

65.9

3.6

0.46

50

1.74

0.05

0.73

1.63

E ESPN 17 21 10

99.5

99.9

0.5

0.03

6

0.02

0.06

3.16

1.20

E ESPN 17 20 05

158.0

162.2

4.2

0.25

5

0.79

0.05

2.51

1.36

E ESPN 17 20 03

71.0

76.0

5.0

0.07

17

0.46

0.38

1.25

1.15

E ESPN 17 20 02

108.0

109.0

1.0

0.11

19

0.29

0.40

0.53

0.94

*Copper equivalent was calculated using the following consensus metal prices in USD: $25.58/oz Ag, $3.55/lb Cu, $1.18/lb Zn, $0.92/lb Pb, $1,897/oz Au.
Source CIBC Global Mining Group (April 2021)

 

Figure 1 – Plan View of Yauricocha Mine and between the Cachi Cachi and Esperanza Zones

Quality Assurance

All samples were dried, crushed, pulverized, and analyzed by the Chumpe Laboratory at the Yauricocha Mine.

The quality assurance program for sampling and analysis is performed by the quality control and assurance (QA-QC) employed by Sierra Metals has been described in detail in the NI-43-101 report for Yauricocha dated June 30, 2020, and prepared by SRK Consulting in Vancouver – Canada. This report is available for review. Standards, certified blanks are inserted into the sample stream, as well as duplicate samples which are then sent to the Chumpe lab to verify the precision and accuracy of published results. Additionally, they are sent to the laboratory of ALS Peru S.A. (Chemex) in Lima according to internal quality control procedures. As a standard process, 10% of the samples were sent to the Chumpe laboratory for cross-validation with a certified external laboratory for analysis.

Quality Control

Américo Zuzunaga, FAusIMM CP (Mining Engineer) and Vice President of Corporate Planning, is a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Augusto Chung, FAusIMM CP (Metallurgist) and Vice President of Metallurgy and Projects is a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Sierra Metals

Sierra Metals Inc. is a diversified Canadian mining company focused on the production and development of precious and base metals from its polymetallic Yauricocha Mine in Peru and Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.

The Company’s Common Shares trade on the Bolsa de Valores de Lima and on the Toronto Stock Exchange under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.

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Forward-Looking Statements

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian and U.S. securities laws (collectively, “forward-looking information”). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “potential” or variations thereof, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information.

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading “Risk Factors” in the Company’s annual information form dated March 30, 2020 for its fiscal year ended December 31, 2019 and other risks identified in the Company’s filings with Canadian securities regulators and the United States Securities and Exchange Commission, which filings are available at www.sedar.com and www.sec.gov, respectively.

The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Company’s forward-looking information. Forward-looking information includes statements about the future and is inherently uncertain, and the Company’s actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company’s statements containing forward-looking information are based on the beliefs, expectations, and opinions of management on the date the statements are made, and the Company does not assume any obligation to update such forward-looking information if circumstances or management’s beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210413005503/en/

Contacts

For further information regarding Sierra Metals, please visit www.sierrametals.com or contact:

Mike McAllister
Vice President, Investor Relations
Sierra Metals Inc.
(416) 366 7777
Email: info@sierrametals.com

J.Alonso Lujan
Vice President, Exploration Sierra Metals Inc.
(51) 630 3100
(52) 614 426 0211

Luis Marchese
President & CEO
Sierra Metals Inc.
(416) 366 7777

Comstock Mining (LODE) – Releases Shareholder Letter Embarks on Transformational Green Shift


Comstock Releases Shareholder Letter; Embarks on Transformational Green Shift with Climate Smart Mining and Environmental, Social and Governance (“ESG”) Projects

 

VIRGINIA CITY, Nev., April 13, 2021 (GLOBE NEWSWIRE) — Comstock Mining Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced that its executive chairman and chief executive officer issued the following letter to Comstock’s shareholders in advance of the Annual General Shareholders Meeting.

Dear Shareholders:
On behalf of our Board of Directors, employees and partners, we would like to thank all of you for participating in a pivotal, exciting and successful year. We have repositioned our assets by acquiring new technologies, launching new businesses, liquidating non-core and non-performing assets, and eliminating our debt. We have now positioned our existing platform for extraordinary growth and high-impact value creation with clean innovations, climate smart mining, and ESG driven projects.

This transformational “green shift” began years ago and gained traction with our global mercury remediation and lithium-ion battery recycling projects. Those efforts recently culminated in the commissioning of our first commercial Mercury Clean-Up LLC (“MCU”) project in the Philippines, and the acquisition of a controlling stake in LiNiCo Corporation (“LiNiCo”), and its 20,000 ton per year lithium-ion battery recycling and 10,000 ton per year of 99.9% pure cathode production in the Tahoe Reno Industrial (“TRI”) Center located in Storey County, NV.

Each MCU system has the potential to produce more than $12 million in pre-tax operating income per year (depending on site conditions, mineral content and spot price). The LiNiCo facility, at just 33% of its capacity and 60% of applicable commodity prices, has the potential to generate more than $100 million in sales with estimated pre-tax operating income margins exceeding 30%. We’re also actively exploring expansions and acquisitions that support and accelerate LiNiCo’s growth with a hub-and-spoke model.

Comstock has historically focused on the extraction of precious and strategic metals, where the words “precious” and “strategic” were conventionally defined by magnitude of impact and relative scarcity. We now believe that the global clean energy transition, escalating population growth, and accelerating natural resource scarcity is converging into a “perfect storm” of global demand for a broader array of strategic materials, beyond metals, including anything involving carbon, energy, and water – without the corresponding global capacity to sustainably or reliably meet escalating demand. Our strategic focus is consequently expanding to include the extraction and valorization of a portfolio of critical and inevitably scarce materials, with an initial preference for high cash throughput generators that complement our existing competencies and operations. We are evaluating several potential transactions and investment opportunities, the first of which we hope to close this during this quarter.

Our employee incentive compensation is 100% linked to specific performance objectives designed to deliver $500 million in shareholder value and more than $12.00 per share by 2023. Our team is focused on achieving and exceeding those targets because the “perfect storm” of current demand isn’t the only thing on our horizon. A renaissance of green innovation is upon us and the pace is increasing worldwide.

We will be a leader in those efforts, with a focus on the systemic development and commercialization of new technologies and robust new lines-of-businesses, such as MCU and LiNiCo, among others, that have the potential to sustainably contribute to humanity’s rapidly-escalating demand for increasingly scarce natural resources, including the strategic metals and other resources needed to fuel the world-wide quantum surge in, and transition to, clean energy, carbon-neutrality, and natural products.

We are systematically strengthening our organization and positioning for continuous throughput growth. We will scale our MCU footprint, enhancing efficacy and targeting new deployments in qualified geographies. We will build our LiNiCo recycling and battery production business. We will acquire and build accretive technologies, projects, and businesses. We will measure the wealth we create comprehensively, with throughput as our primary financial measure, and by measuring and reporting the positive natural and social impacts of all of our activities. By sustainably delivering more than $500 million in shareholder value, we will have built an innovative, continuously growing, throughput-generating, ESG-based enterprise with diverse lines of businesses that rise above the scarcity challenges.

We are at the dawn of a new era. This tragic pandemic is nearing its end and it taught us how closely we are all connected. Not just to each other and the natural world that sustains us, but to the financial, natural, and social systems that have the power to save us. We will contribute to that end by positively impacting the existing systems, and building and integrating new systems and shareholder value along the way.

We look forward to our next communication and seeing those of you that can attend this year’s AGM, where we plan on showcasing our existing lines of businesses, employees and partners, including the results of our planned near-term transactions. Thank you always for your continued interest and support.

Kindest regards,
Corrado De Gasperis
Executive Chairman and Chief Executive Officer
Comstock Mining Inc.

About Comstock Mining Inc.

Comstock Mining Inc. (NYSE: LODE) (the “Company”) is an emerging leader in the sustainable extraction, valorization, and production of innovation-based, clean, renewable natural resources, with a focus on high-value, cash-generating, strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products. To learn more, please visit www.comstockmining.com.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: consummation of all pending transactions; project, asset or Company valuations; future industry market conditions; future explorations, acquisitions, investments and asset sales; future performance of and closings under various agreements; future changes in our exploration activities; future estimated mineral resources; future prices and sales of, and demand for, our products; future impacts of land entitlements and uses; future permitting activities and needs therefor; future production capacity and operations; future operating and overhead costs; future capital expenditures and their impact on us; future impacts of operational and management changes (including changes in the board of directors); future changes in business strategies, planning and tactics and impacts of recent or future changes; future employment and contributions of personnel, including consultants; future land sales, investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; the nature and timing of and accounting for restructuring charges and derivative liabilities and the impact thereof; contingencies; future environmental compliance and changes in the regulatory environment; future offerings of equity or debt securities; asset sales and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: counterparty risks; capital markets’ valuation and pricing risks; adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over title to properties; potential dilution to our stockholders from our stock issuances and recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting businesses; permitting constraints or delays; decisions regarding business opportunities that may be presented to, or pursued by, us or others; the impact of, or the non-performance by parties under agreements relating to, acquisitions, joint ventures, strategic alliances, business combinations, asset sales, leases, options and investments to which we may be party; changes in the United States or other monetary or fiscal policies or regulations; interruptions in production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors or others; assertion of claims, lawsuits and proceedings; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

Contact information:

   
Comstock Mining Inc.
P.O. Box 1118
Virginia City, NV 89440
ComstockMining.com
Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
degasperis@comstockmining.com
Zach Spencer
Director of External Relations
Tel (775) 847-5272 Ext.151
questions@comstockmining.com

Source: Comstock Mining

Release – Namaste Technologies (NXTTF)(N:CA) – Provides a Corporate Update


Namaste Technologies Provides a Corporate Update

 

TORONTO, April 13, 2021 (GLOBE NEWSWIRE) — Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTFa marketplace platform for cannabis and wellness products, is pleased to provide the following corporate updates.

Namaste is pleased to announce that its wholly-owned subsidiary, CannMart Inc. (“CannMart”) has expanded its product offering to both our provincial customers who sell to recreational consumers and to our own medical customers across Canada at CannMart.com, by entering into a number of supply agreements including with CannTx Life Sciences Inc., Rilaxe Canna Inc. and Safari Flower Co.

CannTx Life Sciences Inc.:

A supply agreement with CannTx Life Sciences, a licensed cultivator and processor, to distribute Royal City Cannabis Co. branded premium artisanal hash products. These high purity handcrafted pressed ice hash products are derived from single strain whole flower cannabis material and washed in small batches to ensure the highest quality hash for Royal City’s consumers. These products will be sold and distributed throughout CannMart’s provincial footprint starting in Ontario in the adult use market and online through the medical platform via CannMart.com.

Rilaxe Canna Inc.:

A Canada-wide exclusive production and distribution agreement with Rilaxe Canna bringing to market a new format of edibles that are made from dried fruit with the intention to serve the wellness community, medical patients and adult use customers. There are presently only gummies and chocolate available in the edibles category across the country and this new novel line of products will further expand the category. CannMart is in a unique position to take a first mover advantage with this exciting new product offering. These products will be sold and distributed throughout CannMart’s provincial footprint starting in British Columbia in the adult use market and online through the medical platform via CannMart.com.

Safari Flower Co.:

A supply agreement with Safari Flower, a licensed cultivator and processor for various flower and various cannabis 2.0 categories. CannMart will be distributing products through its provincial body supply agreements and online through the medical platform via CannMart.com.

“We are very pleased to welcome all our new partners including, CannTx Life Sciences, Rilaxe Canna and Safari Flower to CannMart as we continue to expand our product offering to our customers,” said Meni Morim, CEO of Namaste. “We are excited to have these products available by the end of May of this year as we look to grow our future revenues. These products will be available for our medical patients across Canada online at CannMart.com, and through our business-to-business distribution channels throughout our provincial customers. The team continues to work very hard at successfully bringing in new partners as we look to be the world’s foremost marketplace in wellness.”

Findify Named as One of the World’s Best Personalized Site Search Apps

Findify has been named one of the world’s best personalized site search apps. The prestigious title was bestowed upon the company recently by experts at Ecommerce Tech, an organization which connects ecommerce teams with the right tech tools.

Findify is also specifically listed as being one of the most popular personalization apps, as well as one of the best personalization apps for large stores. The experts at Ecommerce Tech say they look for personalization apps that have a robust AI offering, load quickly and asynchronously, and include top notch analytics capabilities.

Ecommerce Tech said: “These personalization apps are for bringing the user closer to their desired outcome, in an automated way. They increase conversion rate and average order value.”
https://www.findify.io/findify-latest-news/findify-named-as-one-of-the-worlds-best-personalized-site-search-apps

About CannTx Life Sciences Inc.

CannTx Life Sciences is a privately-owned cannabis producer licensed by Health Canada under the Cannabis Act. As a producer of consumer cannabis products, CannTx is uniquely equipped to provide Plant Tissue Culture services alongside horticultural solutions to fellow Licensed Producers under its B2B division, Steadystem Solutions. From pathogens remediation and in-vitro storage (SteadyStorage) to scheduled provision of clean donor stock (SteadyStock) to production ready inputs (SteadyStarts) Steadystem can help operators reach their full potential. This biotech platform supports CannTx’s consumer cannabis product divisions, Bower Therapy (Medicinal) and Royal City Cannabis Co. (Recreational) and serve as the foundation of quality and consistency of their products. Steadystem Solutions continues to grow its library of validated genetics characterized across a holistic assessment of important agronomic traits. The company was incorporated in 2013 and is located near Guelph, Ontario, in the heart of Canadian agricultural innovation.

About Rilaxe Canna:

Rilaxe Canna is a privately-owned company located in Vancouver, British Columbia producing edibles with high-quality THC distillate that’s sourced locally from our fellow extractionists. Our delicious line of dried fruits are sourced sustainability from local suppliers here in BC. Made only with ingredients that are natural and 100% free of synthetic preservatives that may be harmful to our bodies. Our fruits are certified organic and vegan friendly. Our fruit suppliers focus on social, environmental and economic responsibilities and ethically source their dried fruits from farms across the world who are using approved organic farming methods to support local communities.

About Safari Flower Co.

Safari Flower is a privately-owned company located in Fort Erie, Ontario which cultivates new wave cannabis flowers of unique character for today’s generation of sophisticated consumers. Safari strives to bloom the best out of the plant’s native potential to maximize each cultivar’s most wild and natural expression. Buds are slowly harvested and trimmed by hands in small-batch rooms to preserve the distinct character of every flower; from visual texture to complex aromas and flavours that makes for extraordinary products.

About Namaste Technologies Inc.

Headquartered in Toronto, Canada, Namaste Technologies is a marketplace platform for cannabis and wellness products. At CannMart.com, the Company provides Canadian medical customers with a diverse selection of hand-picked products from a multitude of federally licensed cultivators and US customers with access to hemp-derived CBD and smoking accessories. The Company also distributes licensed and in-house branded cannabis and cannabis derived products in Canada through a number of provincial government control boards and retailing bodies and facilitates licensed cannabis retailer sales online in Saskatchewan. Namaste’s global technology and continuous innovation address local needs in a burgeoning cannabis industry requiring smart solutions.

Information on the Company and its many products can be accessed through the links below:

NamasteTechnologies.com

NamasteMD.com

Cannmart.com

For more information please contact:
Namaste Technologies Inc.
Meni Morim, CEO
Edward Miller, VP Investor Relations
Ph: 647-362-0390
Email: ir@namastetechnologies.com

Source: Namaste Technologies Inc

FORWARD-LOOKING INFORMATION – This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not historical in nature contain forward-looking information. Forward-looking information can be identified by words or phrases such as “may”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen.

The forward-looking information contained herein, including, without limitation, statements related to distribution of products on cannmart.com and through CannMart provincial buyers are made as of the date of this press release and is based on assumptions management believed to be reasonable at the time such statements were made, including, without limitation, Namaste’s ability to maintain momentum of expanding the CannMart Inc. business, as well as other considerations that are believed to be appropriate in the circumstances. While we consider these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release. Such factors include, without limitation: regulatory risk, risks relating to the Company’s ability to execute its business strategy and the benefits realizable therefrom and risks specifically related to the Company’s operations. Additional risk factors can also be found in the Company’s current MD&A and annual information form, both of which have been filed under the Company’s SEDAR profile at www.sedar.com. Readers are cautioned not to put undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.

Release – electroCore Inc. (ECOR) – Provides Business Update and Select First Quarter 2021 Financial Guidance


electroCore Provides Business Update and Select First Quarter 2021 Financial Guidance

 

  • First-quarter 2021 revenue expected to be more than $1.1 million
  • Net cash used for the first quarter 2021 of approximately $4.1 million 

ROCKAWAY, NJApril 13, 2021 (GLOBE NEWSWIRE) —  
electroCore, Inc. (Nasdaq: ECOR), a commercial-stage bioelectronic medicine company, today provided an operating and business update as well as select unaudited preliminary financial guidance for the first quarter of 2021.

“We are pleased to announce a return to strong sequential revenue growth in the first quarter of 2021,” stated  Dan Goldberger, Chief Executive Officer of electroCore. In addition to strong performances in 
the United States and the 
United Kingdom, our new OUS distributor relationships have begun generating revenue with initial orders totaling approximately 
$45,000 from 
Eastern Europe and 
Australia, and initial revenue from our new Canadian distributor is expected in the second quarter. Additionally, we have recently announced an exclusive distribution agreement with Silvert Medical who will distribute gammaCore™ in the Western European countries of 
Belgium, Luxembourg, 
the Netherlands, and 
France. We look forward to supporting our new OUS distribution relationships and growing the use of gammaCore as a therapeutic option for multiple forms of primary headache by expanding global distribution throughout 2021.”

Operational:

Government Channels: During the first quarter of 2021, we began to see clinician meetings with our staff increase within the 
Department of Veterans Affairs (“VA”), as the number of COVID-19 cases decreased within the system. There have been a total of 79 
VA and 
Department of Defense (“DoD”) military treatment facilities that have purchased gammaCore products through Q1 2021, as compared to 71 through the fourth quarter of 2020 and 64 through the first quarter of 2020. Also, during the first quarter of 2021, the company shipped approximately 1,768 paid months of therapy pursuant to 
VA and 
DoD originating prescriptions, compared to 1,232 during the fourth quarter of 2020 and 1,084 during the first quarter of 2020. 

Outside of the U.S.: During the first quarter of 2021, electroCore shipped approximately 1,156 paid months of therapy outside of 
the United States directly to patients, as compared to 1,123 during the fourth quarter of 2020 and 1,008 during the first quarter of 2020. Note the newly engaged distributors around the world are not included in this metric.

In 
January 2021
NHS England and 
NHS Improvement announced that gammaCore would be included in their new long-term reimbursement scheme titled “NHS Improvement MedTech Funding Mandate Policy 2021/22”, which became effective on 
April 1, 2021. We are working with 
NHS England to transition providers and commissioners from the 
NHS Innovation and Technology Program (ITP) to the MedTech Funding Mandate policy.

Similarly, in 
January 2021 Health Improvement Scotland (“HIS”) published a 
Scottish Health Technology Group (“SHTG”) adaptation of our NICE Medical Technology Guidance (MTG46) for 
NHS Scotland on the use of gammaCore for cluster headache. The SHTG adaptation is now being disseminated across 
NHS Scotland health boards to inform the use of gammaCore for cluster headache.

In 
February 2021, gammaCore’s listing in the 
NHS Supply Chain catalogue was extended for an additional two years through 
June 3, 2023. The 
NHS Supply Chain helps 
NHS deliver clinically assured, quality products at the best value to its patients and the inclusion of gammaCore in the catalogue allows hospitals to purchase gammaCore Sapphire™ for their primary headache patients, taking into account their own budgetary restrictions. The listing of gammaCore Sapphire as an e-Direct product marks an important milestone in the Company’s provision of its medical technologies to 
UK patients, in an easy, cost-effective way.

In recent months, we took meaningful steps to expand gammaCore’s global availability. In December, we announced an exclusive distribution agreement with Pro Medical Baltic to distribute gammaCore in 
Eastern Europe, including 
Lithuania
Latvia
Belarus
Kazakhstan
Ukraine, and most recently, 
Romania. In January, we entered into a similar agreement with RSK Medical in 
Canada, and in February, we announced an agreement with Medistar to serve as the exclusive distributor for gammaCore in 
Australia. Most recently, in 
March 2021 we announced an exclusive distribution agreement with Silvert Medical to make gammaCore therapy available in certain 
Western Europe countries such as 
Belgium, Luxembourg, 
the Netherlands, and 
France. We look forward to further expanding our global network with leading medical technology distribution partners to make gammaCore more broadly available outside the 
USA throughout 2021.

Commercial: The company continues to make measured investments in its Commercial channel.

In 
January 2021, we announced that CMS published its most recent Level II Healthcare Common Procedure Coding System, commonly known as HCPCS, establishing a unique code “K1020” for “Non-invasive vagus nerve stimulator.” All final coding decisions for the second biannual 2020 Coding Cycle for non-drug and non-biological items and services went into effect on 
April 1, 2021. We view the establishment of a unique HCPCS code for non-invasive vagus nerve stimulation (“nVNS”) as an important differentiator, and a potentially significant step forward in obtaining additional coverage of our proprietary nVNS therapy within the medical benefit pathway.

Research and Development: During the first quarter of 2021, we announced that the FDA cleared our 510(k) submission to expand the gammaCore label to include the acute and preventive treatment of migraine in adolescents between 12 and 17 years of age.

In 
February 2021, we announced that full enrollment had been achieved in the investigator-initiated TR-VENUS study evaluating the utility of nVNS for the acute treatment of stroke. We look forward to reporting data from the TR-VENUS trial later this year.

Also, in 
February 2021, we announced publication of a study in the journal Colorectal Disease that further demonstrates the broad potential of nVNS. The study evaluated the effectiveness of nVNS in preventing post-operative ileus following major elective colorectal surgery. The results detailed in this paper strongly support continued development in this indication and a larger study funded by the 
National Institute for Health Research in England is ongoing.

Lastly, we recently announced preliminary results from 110 hospitalized patients enrolled in the investigator-initiated SAVIOR-1 trial in 
Valencia, Spain, which is evaluating nVNS as a potential treatment for COVID-19. nVNS was well tolerated with no major device-related adverse events and the results suggest nVNS that could be a viable treatment for patients and possibly help decrease symptoms early in the course of the disease. Full results are expected to be published in a peer-reviewed journal later this year.

We will continue to provide updates on the progress of ongoing gammaCore investigator-initiated trials in a variety of conditions as they become available.

Financial Guidance:

electroCore today announced the following preliminary unaudited financial guidance for the first quarter of 2021:

First Quarter 2021 Revenue: electroCore anticipates that first quarter 2021 revenue will be more than 
$1.1 million, representing greater than 50% growth over first quarter 2020 revenue of 
$0.7 million and greater than 20% growth over fourth quarter 2020 revenue of 
$0.9 million.

March 31, 2021 cash: The company ended the first quarter of 2021 with approximately 
$25.5 million of cash, cash equivalents and marketable securities, compared to 
$22.6 million as of 
December 31, 2020. The company raised 
$6.9 million during the quarter under a stock purchase agreement. That stock purchase agreement was voluntarily terminated by the company before the end of the first quarter. This capital raise was offset by net cash used of approximately 
$4.1 million to fund operations during the first quarter of 2021.

The company intends to provide a detailed operational and financial update during its first quarter 2021 earnings call in May.

About electroCore, Inc.

electroCore, Inc. is a commercial stage bioelectronic medicine company dedicated to improving patient outcomes through its non-invasive vagus nerve stimulation therapy platform, initially focused on the treatment of multiple conditions in neurology. The company’s current indications are the preventive treatment of cluster headache and migraine and the acute treatment of migraine and episodic cluster headache.

For more information, visit www.electrocore.com.

About gammaCoreTM

gammaCoreTM (nVNS) is the first non-invasive, hand-held medical therapy applied at the neck as an adjunctive therapy to treat migraine and cluster headache through the utilization of a mild electrical stimulation to the vagus nerve that passes through the skin. Designed as a portable, easy-to-use technology, gammaCore can be self-administered by patients, as needed, without the potential side effects associated with commonly prescribed drugs. When placed on a patient’s neck over the vagus nerve, gammaCore stimulates the nerve’s afferent fibers, which may lead to a reduction of pain in patients.

gammaCore (nVNS) is FDA cleared in 
the United States for adjunctive use for the preventive treatment of cluster headache in adult patients, the acute treatment of pain associated with episodic cluster headache in adult patients, and the acute and preventive treatment of migraine in adolescent (ages 12 and older) and adult patients. gammaCore is CE-marked in the 
European Union for the acute and/or prophylactic treatment of primary headache (Migraine, Cluster Headache, Trigeminal Autonomic Cephalalgias and Hemicrania Continua) and Medication Overuse Headache in adults.

gammaCore contraindications include but are not limited to:

  • Patients with an active implantable medical device, such as a pacemaker, hearing aid implant, or any implanted electronic device
  • Patients with a metallic device, such as a stent, bone plate or bone screw, implanted at or near the neck
  • Patients who are using another device at the same time (e.g., TENS Unit, muscle stimulator) or any portable electronic device (e.g., mobile phone)

Safety and efficacy of gammaCore have not been evaluated in the following patients:

  • Patients diagnosed with narrowing of the arteries (carotid atherosclerosis)
  • Patients who have had surgery to cut the vagus nerve in the neck (cervical vagotomy)
  • Pediatric patients (less than 12 years of age)
  • Pregnant women
  • Patients with clinically significant hypertension, hypotension, bradycardia, or tachycardia

Please refer to the gammaCore Instructions for Use for all of the important warnings and precautions before using or prescribing this product.

The 
U.S. FDA has cleared the gammaCore Sapphire CV (nVNS) device under an emergency use authorization for acute use at home or in a healthcare setting to treat adult patients with known or suspected COVID-19 who are experiencing an exacerbation of asthma-related dyspnea and reduced airflow, and for whom approved pharmacologic therapies are not tolerated or provide insufficient symptom relief as assessed by their healthcare provider, using noninvasive vagus nerve stimulation (nVNS) on either side of the patient’s neck.

gammaCore Sapphire CV has been authorized only for the duration of the statement that circumstances exist that warrant authorization of the emergency use of medical devices under section 564(b)(1) of the Act, 21 U.S.C. § 360bbbb-3(b)(1), until the authorization is terminated or revoked.

More information can be found at:

Letter of authorization: https://www.fda.gov/media/139967/download

Fact sheet for healthcare workers: https://www.fda.gov/media/139968/download

Patient information sheet: https://www.fda.gov/media/139969/download

Instructions for use of gammaCore: https://www.fda.gov/media/139970/download

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements about electroCore’s expectations for revenue and cash used in operations during the first quarter of 2021, its expectations for future performance, as well as electroCore’s business prospects and clinical and product development plans for 2021 and beyond, its pipeline or potential markets for its technologies, additional indications for gammaCore, the timing, outcome and impact of regulatory, clinical and commercial developments (including human trials for the study of nVNS in COVID-19-19 patients in 
Spain, the 
U.S., or elsewhere, and the business, operating or financial impact of such studies), further international expansion, and statements about anticipated distribution arrangements, government funding arrangements (including those relating to 
NHS England, HIS and SHTG) and other statements that are not historical in nature, particularly those that utilize terminology such as “anticipates,” “will,” “expects,” “believes,” “intends,” other words of similar meaning, derivations of such words and the use of future dates. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the ability to raise the additional funding needed to continue to pursue electroCore’s business and product development plans, the inherent uncertainties associated with developing new products or technologies, the ability to commercialize gammaCore™, competition in the industry in which electroCore operates and overall market conditions. Any forward-looking statements are made as of the date of this press release, and electroCore assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law. Investors should consult all of the information set forth herein and should also refer to the risk factor disclosure set forth in the reports and other documents electroCore files with the 
SEC available at www.sec.gov.


Investors:
Rich CockrellCG Capital
404-736-3838
ecor@cg.capital

or

Media Contact:
Summer Diaz
electroCore
816-401-6333
summer.diaz@electrocore.com

Capstone Turbine (CPST) – CPST reports strong unaudited 4Q and 2021 results

Tuesday, April 13, 2021

Capstone Turbine (CPST)
CPST reports strong unaudited 4Q and 2021 results

Capstone Turbine Corp is the producer of low-emission microturbine systems.The company develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications. Capstone Turbine’s products include onboard generation for hybrid electric vehicles; conversion of oil field and biomass waste gases into electricity; combined heat, power, and chilling solutions; capacity addition; and standby power.

Michael Heim, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Gross bookings rising. Bookings in the 4Q were $12.7m, up 53% y-o-y and 21% q-o-q. Growth rates are significantly above our model’s assumed growth rate of 20%. A six-pronged program to grow revenues (realignment of the salesforce, refocus on customer satisfaction, etc.) appears to be paying benefits. The book-to-bill ratio increased to 1.5:1 from 0.9:1 in the previous quarter. CPST announced 12 new orders during the quarter in nine different countries. Recent electric utility reliability issues combined with a new environmentally conscience administration lead us to believe higher-than-forecasted growth rates could continue.

    Cash position rising at a faster rate than expected.  Total cash on hand rose to $49.5m up from $32.0m at the end of the third quarter. The rise reflects a $14.5m stock offering and the receipt of $5.0 million (less $0.3m in legal) from a law suit against a parts supplier. The numbers imply that operating cash flow was near break-even on a normalized basis absent any large change in working capital …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Euroseas Ltd. (ESEA) – Container Market Remains Strong and New Charter Signed

Tuesday, April 13, 2021

Euroseas Ltd. (ESEA)
Container Market Remains Strong and New Charter Signed

Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables; and drybulk carriers that transport iron ore, coal, grains, bauxite, phosphate, and fertilizers. As of March 31, 2017, it had a fleet of seven containerships; and six drybulk carriers, including three Panamax drybulk carriers, one Handymax drybulk carrier, one Kamsarmax drybulk carrier, and one Ultramax drybulk carrier. The company was founded in 2005 and is based in Maroussi, Greece.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Another charter at a higher-than-expected rate announced. Upcoming charter reset should also be positive. A new charter has been signed on the Joanna for 18-21 months at a rate of $16.8k/day, above the current rate of $8.1k/day. In addition, the Oakland is working on an indexed rate through June 2021 and the last reset will occur late next week. If the rate was reset today, the rate would move to ~$34k/day from the current ~$24k rate.

    Increasing 2021 EBITDA estimate to reflect new charter and upcoming reset on the indexed rate.  To reflect the positive impact of the Joanna charter and upside potential from upcoming charters, we are moving 2021 EBITDA to $34.9 million based on TCE rates of $15.7k/day from $31.1 million based on TCE rates of $14.8k/day …



This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

FAT Brands Inc. (FAT) – Raising Price Target

Tuesday, April 13, 2021

FAT Brands Inc. (FAT)
Raising Price Target

FAT Brands Inc is a multi-brand restaurant franchising company. It develops, markets, and acquires predominantly fast casual restaurant concepts. The company provides turkey burgers, chicken Sandwiches, chicken tenders, burgers, ribs, wrap sandwiches, and others. Its brand portfolio comprises Fatburger, Buffalo’s Cafe and Express, and Ponderosa and Bonanza. The company’s overall footprint covers nearly 32 countries. Fatburger generates maximum revenue for the company.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Ongoing Organic Improvement. FAT Brands continues to see a rebounding organic environment. Not only are COVID restrictions loosening but people seem to be energized to eat out. In addition, more existing locations are coming back on-line, with the majority of the remaining temporarily closed locations in unique (i.e. cruise ships/theme parks) locations. Unit expansion continues, with recent announcements on deals in France, Brazil, Chile, Italy, Peru, and Spain.

    Strong M&A Pipeline.  FAT Brands’ M&A pipeline remains robust. We would anticipate at least one announcement in 1H21 and additional announcements during the second half of the year, with at least one Johnny Rockets sized acquisition. While adding another burger concept may be a stretch, the addition of a wing concept, sandwich, etc could be on the table in our view …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Travelzoo (TZOO) – Expecting A Slow Start Toward Recovery

Tuesday, April 13, 2021

Travelzoo (TZOO)
Expecting A Slow Start Toward Recovery

Travelzoo is a US-based company which acts as a publisher of travel and entertainment offers. The company informs a varied number of members in Asia Pacific, Europe, and North America, as well as millions of website users, about the best travel, entertainment and local deals available from various companies. It provides travel, entertainment, and local businesses in a flexible manner to the various customer. The company operates in three geographic segments namely Asia Pacific, Europe, and North America. Travelzoo derives its revenue through advertising fees including listing fees paid by travel, entertainment, and local businesses to advertise their offers on company’s media properties. Most of the company’s revenue is derived from the North America.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Refining estimates. The company recently released its annual 10K and this report refines our estimates for 2021 and 2022 and posts our look into 2023. While the Covid vaccines provide promise of a return toward “normalcy”, we believe that the travel recovery is off to a sluggish start. We are lowering our full year 2021 and 2022 revenue and adj. EBITDA estimates.

    Where should gross margins go? Gross margins in Q4 decreased from 78.8% in Q3 to 77.6% in Q4. The gross margins were significantly down from 88.1% in Q4 2019. Our model assumes a gradual improvement in gross margins to 79.2% in 2021 to 81.0% in 2022 to 81.5% in 2023 …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Release – Eagle Bulk Shipping (EGLE) – To Issue First Quarter 2021 Results and Hold Investor Conference Call


Eagle Bulk Shipping Inc. to Issue First Quarter 2021 Results and Hold Investor Conference Call

 

STAMFORD, Conn., April 13, 2021 (GLOBE NEWSWIRE) — Eagle Bulk Shipping Inc. (Nasdaq: EGLE) will report its financial results for the first quarter ended March 31, 2021, after the close of stock market trading on May 6, 2021. Members of Eagle Bulk’s senior management team will host a teleconference and webcast at 8:00 a.m. ET on Friday, May 7, 2021 to discuss the results.

To participate in the teleconference, investors and analysts are invited to call +1 844-282-4411 in the U.S., or +1 512-900-2336 outside of the U.S., and reference participant code 1772565. A simultaneous webcast of the call, including a slide presentation for interested investors and others, may be accessed by visiting http://www.eagleships.com.

A replay will be available following the call from 11:00 AM ET on May 7, 2021 until 11:00 AM ET on May 17, 2021. To access the replay, call +1 855-859-2056 in the U.S., or +1 404-537-3406 outside of the U.S., and reference passcode 1772565.

About Eagle Bulk Shipping Inc.

Eagle Bulk Shipping Inc. (“Eagle” or the “Company”) is a US-based fully integrated shipowner-operator providing global transportation solutions to a diverse group of customers including miners, producers, traders, and end users. Headquartered in Stamford, Connecticut, with offices in Singapore and Copenhagen, Eagle focuses exclusively on the versatile mid-size drybulk vessel segment and owns one of the largest fleets of Supramax / Ultramax vessels in the world. The Company performs all management services in-house (including: strategic, commercial, operational, technical, and administrative) and employs an active management approach to fleet trading with the objective of optimizing revenue performance and maximizing earnings on a risk-managed basis. For further information, please visit our website: www.eagleships.com.

Company Contact
Frank De Costanzo
Chief Financial Officer
Eagle Bulk Shipping, Inc.
Tel. +1 203-276-8100
Email: investor@eagleships.com

Media Contact
Rose & Company
Tel. +1 212-359-2228

Source: Eagle Bulk Shipping Inc.

Release – Comstock Mining (LODE) – Releases Shareholder Letter Embarks on Transformational Green Shift


Comstock Releases Shareholder Letter; Embarks on Transformational Green Shift with Climate Smart Mining and Environmental, Social and Governance (“ESG”) Projects

 

VIRGINIA CITY, Nev., April 13, 2021 (GLOBE NEWSWIRE) — Comstock Mining Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced that its executive chairman and chief executive officer issued the following letter to Comstock’s shareholders in advance of the Annual General Shareholders Meeting.

Dear Shareholders:
On behalf of our Board of Directors, employees and partners, we would like to thank all of you for participating in a pivotal, exciting and successful year. We have repositioned our assets by acquiring new technologies, launching new businesses, liquidating non-core and non-performing assets, and eliminating our debt. We have now positioned our existing platform for extraordinary growth and high-impact value creation with clean innovations, climate smart mining, and ESG driven projects.

This transformational “green shift” began years ago and gained traction with our global mercury remediation and lithium-ion battery recycling projects. Those efforts recently culminated in the commissioning of our first commercial Mercury Clean-Up LLC (“MCU”) project in the Philippines, and the acquisition of a controlling stake in LiNiCo Corporation (“LiNiCo”), and its 20,000 ton per year lithium-ion battery recycling and 10,000 ton per year of 99.9% pure cathode production in the Tahoe Reno Industrial (“TRI”) Center located in Storey County, NV.

Each MCU system has the potential to produce more than $12 million in pre-tax operating income per year (depending on site conditions, mineral content and spot price). The LiNiCo facility, at just 33% of its capacity and 60% of applicable commodity prices, has the potential to generate more than $100 million in sales with estimated pre-tax operating income margins exceeding 30%. We’re also actively exploring expansions and acquisitions that support and accelerate LiNiCo’s growth with a hub-and-spoke model.

Comstock has historically focused on the extraction of precious and strategic metals, where the words “precious” and “strategic” were conventionally defined by magnitude of impact and relative scarcity. We now believe that the global clean energy transition, escalating population growth, and accelerating natural resource scarcity is converging into a “perfect storm” of global demand for a broader array of strategic materials, beyond metals, including anything involving carbon, energy, and water – without the corresponding global capacity to sustainably or reliably meet escalating demand. Our strategic focus is consequently expanding to include the extraction and valorization of a portfolio of critical and inevitably scarce materials, with an initial preference for high cash throughput generators that complement our existing competencies and operations. We are evaluating several potential transactions and investment opportunities, the first of which we hope to close this during this quarter.

Our employee incentive compensation is 100% linked to specific performance objectives designed to deliver $500 million in shareholder value and more than $12.00 per share by 2023. Our team is focused on achieving and exceeding those targets because the “perfect storm” of current demand isn’t the only thing on our horizon. A renaissance of green innovation is upon us and the pace is increasing worldwide.

We will be a leader in those efforts, with a focus on the systemic development and commercialization of new technologies and robust new lines-of-businesses, such as MCU and LiNiCo, among others, that have the potential to sustainably contribute to humanity’s rapidly-escalating demand for increasingly scarce natural resources, including the strategic metals and other resources needed to fuel the world-wide quantum surge in, and transition to, clean energy, carbon-neutrality, and natural products.

We are systematically strengthening our organization and positioning for continuous throughput growth. We will scale our MCU footprint, enhancing efficacy and targeting new deployments in qualified geographies. We will build our LiNiCo recycling and battery production business. We will acquire and build accretive technologies, projects, and businesses. We will measure the wealth we create comprehensively, with throughput as our primary financial measure, and by measuring and reporting the positive natural and social impacts of all of our activities. By sustainably delivering more than $500 million in shareholder value, we will have built an innovative, continuously growing, throughput-generating, ESG-based enterprise with diverse lines of businesses that rise above the scarcity challenges.

We are at the dawn of a new era. This tragic pandemic is nearing its end and it taught us how closely we are all connected. Not just to each other and the natural world that sustains us, but to the financial, natural, and social systems that have the power to save us. We will contribute to that end by positively impacting the existing systems, and building and integrating new systems and shareholder value along the way.

We look forward to our next communication and seeing those of you that can attend this year’s AGM, where we plan on showcasing our existing lines of businesses, employees and partners, including the results of our planned near-term transactions. Thank you always for your continued interest and support.

Kindest regards,
Corrado De Gasperis
Executive Chairman and Chief Executive Officer
Comstock Mining Inc.

About Comstock Mining Inc.

Comstock Mining Inc. (NYSE: LODE) (the “Company”) is an emerging leader in the sustainable extraction, valorization, and production of innovation-based, clean, renewable natural resources, with a focus on high-value, cash-generating, strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products. To learn more, please visit www.comstockmining.com.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: consummation of all pending transactions; project, asset or Company valuations; future industry market conditions; future explorations, acquisitions, investments and asset sales; future performance of and closings under various agreements; future changes in our exploration activities; future estimated mineral resources; future prices and sales of, and demand for, our products; future impacts of land entitlements and uses; future permitting activities and needs therefor; future production capacity and operations; future operating and overhead costs; future capital expenditures and their impact on us; future impacts of operational and management changes (including changes in the board of directors); future changes in business strategies, planning and tactics and impacts of recent or future changes; future employment and contributions of personnel, including consultants; future land sales, investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; the nature and timing of and accounting for restructuring charges and derivative liabilities and the impact thereof; contingencies; future environmental compliance and changes in the regulatory environment; future offerings of equity or debt securities; asset sales and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: counterparty risks; capital markets’ valuation and pricing risks; adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over title to properties; potential dilution to our stockholders from our stock issuances and recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting businesses; permitting constraints or delays; decisions regarding business opportunities that may be presented to, or pursued by, us or others; the impact of, or the non-performance by parties under agreements relating to, acquisitions, joint ventures, strategic alliances, business combinations, asset sales, leases, options and investments to which we may be party; changes in the United States or other monetary or fiscal policies or regulations; interruptions in production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors or others; assertion of claims, lawsuits and proceedings; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

Contact information:

   
Comstock Mining Inc.
P.O. Box 1118
Virginia City, NV 89440
ComstockMining.com
Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
degasperis@comstockmining.com
Zach Spencer
Director of External Relations
Tel (775) 847-5272 Ext.151
questions@comstockmining.com

Source: Comstock Mining

Financial Ratios to Avoid Red Flag Stocks

 


Financial Ratios to Avoid Red Flag Stocks

 

In a market that seems to have thrown out conventional wisdom, using old measures may leave you uninvested while others continue to enjoy gains in their positions. If you’re off the sidelines and deciding between two or three similar companies, using the most common ratios to orient yourself to reveal the company with more favorable ratios could help you place one stock above another. The ratios do little to determine the company with the better product, better brand, or superior marketing—those factors you can research separately.

More importantly, eyeballing a few easily calculable ratios could allow you to uncover a solid red flag of the companies ability to run the business. One nice thing is, the more useful financial ratios use arithmetic so basic, you don’t have to pull up the calculator app. What takes a bit more thinking is understanding the message a particular ratio delivers.

 

Ratios to Habitual Check and Compare

 Price-to-Earnings Ratio (P/E). This is the price of a share of stock divided by the earnings per share of stock. It’s the amount of money you’d be willing to pay for $1 of earnings.

 * If a share of a company’s stock is selling for $40 and the earnings are $2/share, the P/E would be 20. An investor willing to purchase this stock is willing to earn $1 for every $20 invested.

 

Debt-to-Equity Ratio. The debt-to-equity ratio reveals the debt capital used by the company to finance its operations compared to the equity capital being used. So, if the ratio were 1.0, that would mean that the company’s creditors theoretically have a claim to all of the company’s assets. Nothing
would be left for the shareholders.

 * Debt-to-Equity Ratio = (short term debt + long term debt) / shareholders’ equity

 

Return on Equity (ROE). ROE is the amount of income the company generates contrasted to the amount of shareholder investments. ROE measures how efficiently shareholder investments are used to generate income.

 * ROE = Net income / total shareholders’ equity

 

Return on Assets (ROA). ROA is net income divided by total assets. It’s a measure of how effectively a company can turn its assets into income. For example, a computer screen sitting in a closet is an asset, but it’s not generating income for the shareholders. The same can be said for unnecessary equipment, marble lobbies, and other luxuries.

 *Return on Assets = Net Income/Total Assets

 

The Current Ratio. This ratio is a measure of a company’s current assets versus its current liabilities. A high ratio suggests that a company has plenty of cash and liquid assets on hand to deal with any bills. Understanding why the current ratio is high is important. It could be misleading, for example, A warehouse full of dated inventory can raise the ratio and be a sign of trouble.

 * A low current ratio suggests that the company could struggle to meet its short-term liabilities and suffer from a shortage of cash.

 

Net Profit Margin.  Is calculated by dividing the net income by the net revenue. This is the amount of profit generated by each dollar of sales. Some companies make much more profit per $1 of sales than others. Real estate and health care are often mentioned as industries with high-profit margins. This is one place where comparison within the industry is even more critical.

 

Dividend Yield. It’s also called the dividend-price ratio, dividend payments can be viewed by investors as a cash flow to investors. Companies with a higher dividend yield have the potential to be more attractive to investors than those with lower yields.

 *Dividend Yield = = (dividend per share / price per share)

  

 

It’s the Extra Step that’s Worthwhile

Financial ratios are important for all investors to grasp, and at a minimum, develop favorites that you consistently check before making an investment. Most research reports on
companies
will also post pertinent ratios covering the date of the reporting period. The results can uncover red flags and may place one investment option more favorably in your mind for decision-making. It’s not possible to successfully make investing decisions with financial ratios alone, but these ratios are an excellent part of a prudent process.

 

Suggested Reading:

 

How PPI Impacts CPI Numbers

Why Researching Investment Ideas is Important

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Aurania Resources (AUIAF)(ARU:CA) – Drilling Underway at Kuri-Yawi Target; Recent Financings Enhance Financial Flexibility

Monday, April 12, 2021

Aurania Resources (AUIAF)(ARU:CA)
Drilling Underway at Kuri-Yawi Target; Recent Financings Enhance Financial Flexibility

As of April 24, 2020, Noble Capital Markets research on Aurania Resources is published under ticker symbols (AUIAF and ARU:CA). The price target is in USD and based on ticker symbol AUIAF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.

Aurania Resources Ltd. is a Canada-based junior mining exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset, The Lost Cities-Cutucu Project, is in southeastern Ecuador in the Province of Morona-Santiago. The company also has several minor projects in Switzerland.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Fully funded for remainder of 2021. Aurania Resources recently completed two financings, including a brokered equity issuance of 2,507,000 common shares for gross proceeds of C$7,771,700 and a private placement of 403,750 common shares for gross proceeds of C$1,250,000. Following the financings, the company had 46,843,388 shares outstanding by our estimate. Based on our forecasted expenditures, the company is fully funded for the remainder of the year.

    Drilling Underway at Kuri-Yawi epithermal target.  Diamond drilling is underway at the Kuri-Yawi target and is testing an epithermal target and a deeper porphyry target down to potentially 1,000 meters. Recall that Aurania’s Mobile MT geophysical survey clearly defined a feature thought to be the sulphide-bearing core of a porphyry at the Yawi target. Epithermal veins were encountered about 100 …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.