Month: September 2021

Lithium Prices Continue Their Ascent

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	Image Credit: Ron Frazer (Flickr)

Future for Lithium Prices Looks Strong Due to Expected Demand Growth for EVs

 

The electric vehicle (EV) and li-ion battery materials sectors are moving through what may become reminiscent of the decades of growing demand we’ve experienced for chips and computers. The current surge in EV sales has helped push lithium prices to their highest level in three years. Investors taking positions in battery materials, rather than the result of the technology, can avoid trying to pick specific winners if the entire li-ion EV sector grows. Here are a few basics to be aware of if you’re looking at lithium.

Lithium-ion batteries are a key component of electric vehicles. According to an article in Reuters, lithium prices have risen to their highest in more than three years due to a surge in electric vehicle sales and depleting stocks of the battery metal in China. Year-to-date, lithium carbonate prices in China have risen significantly, with futures prices for lithium carbonate 99% Min China up from CNY$48,500 (US$7,498) per tonne at the end of 2020 to CNY$148,000 (US$22,881) per tonne on September 17. Lithium carbonate 99.5% Min China rose from CNY$52,500 (USD$8,117) at the end of 2020 to CNY$153,000 (US$23,654) on September 17. Since June 30, the prices of each have risen 85% and 76%, respectively. Equities have followed and we note that companies like Piedmont Lithium, Cypress Development, and Albemarle are up 87%, 62%, and 49% in price, respectively, on a year-to-date basis through September 17.

A Few Terms to Keep in Mind

Electric vehicle batteries use lithium carbonate or lithium hydroxide, but the industry typically cites volumes in terms of lithium carbonate equivalent. Lithium is sourced from lithium clays, metallic brines stored in man-made ponds predominantly in the desert regions of South America, and spodumene ore via hard rock mining. Producing lithium carbonate or spodumene concentrate entails different processes and cost structures. Some take it a step further by producing lithium hydroxide, which generally sells at a higher price than lithium carbonate and is preferred by some EV battery manufacturers because it increases the performance of the battery. Cypress Development Corp. provides several informative slides in their corporate presentation summarizing lithium deposit types and current lithium demand, sourced from Benchmark Mineral Intelligence.  

 

Pictured Above:

Automobili Estrema (Italian) is a marque soon to become known for extreme technology and performance in the hypercar universe.  

The Fulminea is the first automobile to use a new hybrid battery pack of lithium-ion cells with solid-state electrolyte and ultracapacitors that power 4 motors with a total output of 2,040 hp. The Fulminea will supposedly reach 200 mph in less than 10 seconds. It will be priced for the European market at the equivalent of $2.38 million

 

More Investment Needed

More investment in lithium production is needed to meet future needs of the electric supply chain and to avoid production disruptions like have recently been experienced due to chip shortages. Given the opportunity set, there will likely be new entrants in the lithium space in addition to mergers and joint ventures. On September 16, Sibanye Stillwater Limited announced a joint venture with Ioneer Limited where Sibanye would contribute US$490 million for a 50% interest in Ioneer’s Rhyolite Ridge Lithium-Boron project in Nevada. The joint venture represents Sibanye Stillwater’s third announced transaction in the battery materials sector which it views as a vehicle for value creation and growth in the U.S. battery metals supply chain.

Take-Away:

It is still early days in the electric vehicle and battery materials sectors. Much like the demand for chips and computers did for Silicon Valley, companies that participate in and form the supply chain for electric vehicles could be winners much like Intel, Microsoft, and Apple were in the 1970s and 1980s. For that matter, the same could be said for innovative companies that lead the way to a low carbon future.

Suggested Reading:



Lithium Batteries vs Hydrogen Fuel Cells

The High Growth of ESG Investing can Reduce Adherence to Principles





Clean vs Dirty Electrons on Power Grid

The Increasing Popularity of Uranium Investments

 

Sources:

Surge
in Electric Vehicle Sales Power Lithium Prices as Shortages Loom, Reuters, Zandi Shabalala, September 13, 2021.

Lithium
Price Rally Accelerates in September, Mining.com, Staff Writer, September 17, 2021.

All Lithium Is Not Created Equal. Hydroxide vs. Carbonate, Lithium 101, Piedmontlithium.com, Piedmont Lithium Inc.

What
is the Difference Between Lithium Carbonate & Lithium Hydroxide, FAQs, Bisley International, February 14, 2021.

Building
batteries: Why Lithium and Why Lithium Hydroxide, Innovation News Network, February 4, 2021.

Clayton
Valley Project, Nevada, An Advanced Stage LITHIUM Company, Corporate Presentation, Cypress Development Corp., September 2021.

Sibanye-Stillwater
and Ioneer to establish a 50:50 joint venture with respect to Ioneer’s US-based
Rhyolite Ridge Lithium-Boron project, Press Release, Sibanye Stillwater Limited, September 16, 2021.

Estrema Website

 

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CoreCivic Enters Into New Lease Agreement with the State of New Mexico at the Northwest New Mexico Correctional Center

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CoreCivic Enters Into New Lease Agreement with the State of New Mexico at the Northwest New Mexico Correctional Center

 

BRENTWOOD, Tenn., Sept. 21, 2021 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it has entered into a new three-year lease agreement with the State of New Mexico at the Company’s 596-bed Northwest New Mexico Correctional Center. CoreCivic currently operates the Northwest New Mexico Correctional Center under a contract with New Mexico and will transition facility operations to the New Mexico Corrections Department when the new lease agreement commences on November 1, 2021. CoreCivic will retain responsibility for facility maintenance throughout the term of the lease. The new lease agreement includes automatic extension options that could extend the term of the lease through October 31, 2041.

Damon T. Hininger, CoreCivic’s President and Chief Executive Officer, said, “We are pleased to have successfully responded to the shifting needs of our government partners in New Mexico, which will allow them to continue to utilize our Northwest New Mexico Correctional Center while the New Mexico Corrections Department directly provides facility-level operations. Under the new agreement, the state will maintain access to critical capacity, we will generate fixed monthly payments under the lease, and our facility employees will be provided the opportunity to retain employment at the facility with the New Mexico Corrections Department. Including this new agreement, we lease five correctional facilities to five different states through our Properties segment. We believe solutions like this provide our government partners with increased flexibility and value.”

The average annual rent for the initial three-year lease term is $3.2 million, including annual rent of $4.2 million in the second and third years of the lease, with annual escalators thereafter. For the six months ended June 30, 2021, the Northwest New Mexico Correctional Center generated revenue of $5.3 million and incurred a facility net operating loss of $1.3 million.

About CoreCivic

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good.

Forward-Looking Statements

This press release contains statements as to our beliefs and expectations of the outcome of future events that are “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. These include, but are not limited to, the risks and uncertainties associated with: (i) changes in government policy (including the United States Department of Justice, or DOJ, not renewing contracts as a result of President Biden’s Executive Order on Reforming Our Incarceration System to Eliminate the Use of Privately Operated Criminal Detention Facilities) (two agencies of the DOJ, the United States Federal Bureau of Prisons and the United States Marshals Service, utilize our services), legislation and regulations that affect utilization of the private sector for corrections, detention, and residential reentry services, in general, or our business, in particular, including, but not limited to, the continued utilization of our correctional and detention facilities by the federal government, and the impact of any changes to immigration reform and sentencing laws (we do not, under longstanding policy, lobby for or against policies or legislation that would determine the basis for, or duration of, an individual’s incarceration or detention); (ii) our ability to obtain and maintain correctional, detention, and residential reentry facility management contracts because of reasons including, but not limited to, sufficient governmental appropriations, contract compliance, negative publicity and effects of inmate disturbances; (iii) changes in the privatization of the corrections and detention industry, the acceptance of our services, the timing of the opening of new facilities and the commencement of new management contracts (including the extent and pace at which new contracts are utilized), as well as our ability to utilize available beds; (iv) general economic and market conditions, including, but not limited to, the impact governmental budgets can have on our contract renewals and renegotiations, per diem rates, and occupancy; (v) fluctuations in our operating results because of, among other things, changes in occupancy levels, competition, contract renegotiations or terminations, increases in costs of operations, fluctuations in interest rates and risks of operations; (vi) the duration of the federal government’s denial of entry at the United States southern border to asylum-seekers and anyone crossing the southern border without proper documentation or authority in an effort to contain the spread of COVID-19; (vii) government and staff responses to staff or residents testing positive for COVID-19 within public and private correctional, detention and reentry facilities, including the facilities we operate; (viii) restrictions associated with COVID-19 that disrupt the criminal justice system, along with government policies on prosecutions and newly ordered legal restrictions that affect the number of people placed in correctional, detention, and reentry facilities, including those associated with a resurgence of COVID-19; (ix) whether revoking our real estate investment trust, or REIT, election, effective January 1, 2021, and our revised capital allocation strategy can be implemented in a cost effective manner that provides the expected benefits, including facilitating our planned debt reduction initiative and planned return of capital to shareholders; (x) our ability to successfully identify and consummate future development and acquisition opportunities and our ability to successfully integrate the operations of our completed acquisitions and realize projected returns resulting therefrom; (xi) our ability, following our revocation of our REIT election, to identify and initiate service opportunities that were unavailable under the REIT structure; (xii) our ability to have met and maintained qualification for taxation as a REIT for the years we elected REIT status; and (xiii) the availability of debt and equity financing on terms that are favorable to us, or at all. Other factors that could cause operating and financial results to differ are described in the filings we make from time to time with the Securities and Exchange Commission.

CoreCivic takes no responsibility for updating the information contained in this press release following the date hereof to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events or for any changes or modifications made to this press release or the information contained herein by any third-parties, including, but not limited to, any wire or internet services.

Contact: Investors: Cameron Hopewell – Managing Director, Investor Relations – (615) 263-3024
Media: Steve Owen – Vice President, Communications – (615) 263-3107

QuickChek – September 21, 2021

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Cumulus Media Releases New Investor Presentation

Cumulus Media announced that it has released a new investor presentation

See today’s research on Cumulus Media from Michael Kupinski, Director of Research at Noble Capital Markets

Watch President and CEO Mary Berner deliver a new corporate presentation for Cumulus Media

Research, News & Market Data on Cumulus Media



Engine Media’s WinView Games Announces Partnership with Atlanta Radio Station 680 The Fan

Engine Media Holdings announced that its wholly owned subsidiary WinView Games has entered into a partnership with 680 The Fan, Atlanta’s preeminent sports radio station

Research, News & Market Data on Engine Media

Watch recent presentation from Engine Media



CoreCivic Enters Into New Lease Agreement with the State of New Mexico at the Northwest New Mexico Correctional Center

CoreCivic announced that it has entered into a new three-year lease agreementwith the State of New Mexico at the Company’s 596-bed Northwest New Mexico Correctional Center

Research, News & Market Data on CoreCivic

Watch recent presentation from CoreCivic

 

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Cumulus Media Releases New Investor Presentation

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Cumulus Media Releases New Investor Presentation

 

ATLANTA, GA — September 20, 2021: Cumulus Media Inc. (NASDAQ: CMLS) announced today that it has released a new investor presentation, which can be found on its website at www.cumulusmedia.com/investors. A virtual video presentation is available via ChannelChek as part of Noble Capital Markets’ C-Suite Interview Series via the following link: Investor Presentation Video. Access to the virtual video presentation is free of charge and open to the public.

Mary G. Berner, President and Chief Executive Officer of CUMULUS MEDIA, said, “This presentation gives both existing and new investors a deeper understanding of our multi-year strategic repositioning from a one-dimensional radio company to a multi-dimensional, audio-first media company with multiple drivers of shareholder value, including:

  • A continuation of recovery in the radio market,
  • Multiple fast-growing digital business lines,
  • Excellent free cash flow characteristics,
  • A strong balance sheet and liquidity profile, and
  • Substantial optionality regarding capital allocation.”

Berner continued, “With our proven team and track record of success, we believe that Cumulus Media is exceedingly well-positioned to deliver significant additional upside to shareholders.”

Upcoming Conference:

Deutsche Bank 29th Annual Leveraged Finance Conference: Management will present on October 6, 2021, at 8:00 AM Eastern Time, and will host one-on-one meetings on October 5-6, 2021.

About CUMULUS MEDIA

CUMULUS MEDIA (NASDAQ: CMLS) is a leading media, advertising, and marketing services company delivering premium content to over a quarter billion people every month — wherever and whenever they want it. CUMULUS MEDIA engages listeners with high-quality local programming through 413 owned-and-operated radio stations across 86 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, CNN, the AP, the Academy of Country Music Awards, and many other world-class partners across nearly 7,300 affiliated stations through Westwood One, the largest audio network in America; and inspires listeners through the CUMULUS Podcast Network, its rapidly growing network of original podcasts that are smart, entertaining and thought-provoking. CUMULUS MEDIA provides advertisers with personal connections, local impact and national reach through broadcast and on-demand digital, mobile, social, and voice-activated platforms, as well as integrated digital marketing services, powerful influencers, full-service audio solutions, industry-leading research and insights, and live event experiences. CUMULUS MEDIA is the only audio media company to provide marketers with local and national advertising performance guarantees. For more information visit www.cumulusmedia.com.

Disclosure Regarding Forward-Looking Statements

Certain statements in this release may constitute “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Such statements are statements other than historical fact and relate to our intent, belief or current expectations primarily with respect to our future operating, financial, and strategic performance. Any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual results may differ from those contained in or implied by the forward-looking statements as a result of various factors including, but not limited to, risks and uncertainties related to the implementation of our strategic operating plans, the evolving and uncertain nature of the COVID-19 pandemic and its impact on the Company, the media industry, and the economy in general and other risk factors described from time to time in our filings with the Securities and Exchange Commission. Many of these risks and uncertainties are beyond our control, and the unexpected occurrence or failure to occur of any such events or matters could significantly alter our actual results of operations or financial condition. CUMULUS MEDIA assumes no responsibility to update any forward-looking statements, which are based upon expectations as of the date hereof, as a result of new information, future events or otherwise.

For further information, please contact:

Investor Relations Department
IR@cumulus.com
404-260-6600

Source: Cumulus Media

Release – CoreCivic Enters Into New Lease Agreement with the State of New Mexico at the Northwest New Mexico Correctional Center

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CoreCivic Enters Into New Lease Agreement with the State of New Mexico at the Northwest New Mexico Correctional Center

 

BRENTWOOD, Tenn., Sept. 21, 2021 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it has entered into a new three-year lease agreement with the State of New Mexico at the Company’s 596-bed Northwest New Mexico Correctional Center. CoreCivic currently operates the Northwest New Mexico Correctional Center under a contract with New Mexico and will transition facility operations to the New Mexico Corrections Department when the new lease agreement commences on November 1, 2021. CoreCivic will retain responsibility for facility maintenance throughout the term of the lease. The new lease agreement includes automatic extension options that could extend the term of the lease through October 31, 2041.

Damon T. Hininger, CoreCivic’s President and Chief Executive Officer, said, “We are pleased to have successfully responded to the shifting needs of our government partners in New Mexico, which will allow them to continue to utilize our Northwest New Mexico Correctional Center while the New Mexico Corrections Department directly provides facility-level operations. Under the new agreement, the state will maintain access to critical capacity, we will generate fixed monthly payments under the lease, and our facility employees will be provided the opportunity to retain employment at the facility with the New Mexico Corrections Department. Including this new agreement, we lease five correctional facilities to five different states through our Properties segment. We believe solutions like this provide our government partners with increased flexibility and value.”

The average annual rent for the initial three-year lease term is $3.2 million, including annual rent of $4.2 million in the second and third years of the lease, with annual escalators thereafter. For the six months ended June 30, 2021, the Northwest New Mexico Correctional Center generated revenue of $5.3 million and incurred a facility net operating loss of $1.3 million.

About CoreCivic

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good.

Forward-Looking Statements

This press release contains statements as to our beliefs and expectations of the outcome of future events that are “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. These include, but are not limited to, the risks and uncertainties associated with: (i) changes in government policy (including the United States Department of Justice, or DOJ, not renewing contracts as a result of President Biden’s Executive Order on Reforming Our Incarceration System to Eliminate the Use of Privately Operated Criminal Detention Facilities) (two agencies of the DOJ, the United States Federal Bureau of Prisons and the United States Marshals Service, utilize our services), legislation and regulations that affect utilization of the private sector for corrections, detention, and residential reentry services, in general, or our business, in particular, including, but not limited to, the continued utilization of our correctional and detention facilities by the federal government, and the impact of any changes to immigration reform and sentencing laws (we do not, under longstanding policy, lobby for or against policies or legislation that would determine the basis for, or duration of, an individual’s incarceration or detention); (ii) our ability to obtain and maintain correctional, detention, and residential reentry facility management contracts because of reasons including, but not limited to, sufficient governmental appropriations, contract compliance, negative publicity and effects of inmate disturbances; (iii) changes in the privatization of the corrections and detention industry, the acceptance of our services, the timing of the opening of new facilities and the commencement of new management contracts (including the extent and pace at which new contracts are utilized), as well as our ability to utilize available beds; (iv) general economic and market conditions, including, but not limited to, the impact governmental budgets can have on our contract renewals and renegotiations, per diem rates, and occupancy; (v) fluctuations in our operating results because of, among other things, changes in occupancy levels, competition, contract renegotiations or terminations, increases in costs of operations, fluctuations in interest rates and risks of operations; (vi) the duration of the federal government’s denial of entry at the United States southern border to asylum-seekers and anyone crossing the southern border without proper documentation or authority in an effort to contain the spread of COVID-19; (vii) government and staff responses to staff or residents testing positive for COVID-19 within public and private correctional, detention and reentry facilities, including the facilities we operate; (viii) restrictions associated with COVID-19 that disrupt the criminal justice system, along with government policies on prosecutions and newly ordered legal restrictions that affect the number of people placed in correctional, detention, and reentry facilities, including those associated with a resurgence of COVID-19; (ix) whether revoking our real estate investment trust, or REIT, election, effective January 1, 2021, and our revised capital allocation strategy can be implemented in a cost effective manner that provides the expected benefits, including facilitating our planned debt reduction initiative and planned return of capital to shareholders; (x) our ability to successfully identify and consummate future development and acquisition opportunities and our ability to successfully integrate the operations of our completed acquisitions and realize projected returns resulting therefrom; (xi) our ability, following our revocation of our REIT election, to identify and initiate service opportunities that were unavailable under the REIT structure; (xii) our ability to have met and maintained qualification for taxation as a REIT for the years we elected REIT status; and (xiii) the availability of debt and equity financing on terms that are favorable to us, or at all. Other factors that could cause operating and financial results to differ are described in the filings we make from time to time with the Securities and Exchange Commission.

CoreCivic takes no responsibility for updating the information contained in this press release following the date hereof to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events or for any changes or modifications made to this press release or the information contained herein by any third-parties, including, but not limited to, any wire or internet services.

Contact: Investors: Cameron Hopewell – Managing Director, Investor Relations – (615) 263-3024
Media: Steve Owen – Vice President, Communications – (615) 263-3107

Release – Engine Medias WinView Games Announces Partnership with Atlanta Radio Station 680 The Fan

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Engine Media’s WinView Games Announces Partnership with Atlanta Radio Station 680 The Fan

 

Partnership Expands on Current Partnership Between Engine Media’s Frankly Media and 680 The Fan

NEW YORK, September 21, 2021 — Engine Media Holdings, Inc. (“Engine” or the “Company”; NASDAQ: GAME; TSX-V: GAME), an esports/sports gaming and next-generation media solutions company, today announced that its wholly owned subsidiary, WinView Games (“WinView”) has entered into a partnership with 680 The Fan, Atlanta’s preeminent sports radio station, to elevate listener engagement with live games of skill that test the audience’s sports IQ for cash or fun. The partnership consists of exclusive WinView contests and promotions that are synchronized to 680 The Fan’s broadcast and website. These contests will allow people to play along while they listen or watch a game, which will span Braves, Hawks, Falcons, Bulldogs, and Yellow Jackets games. These games will be produced in both live and pregame modes, which will allow users to constantly engage with the events.

This partnership illustrates Engine’s unique position in the skills-based gaming market and its ability to combine media solutions with social gaming experiences to create truly one-of-a-kind experiences. 680 The Fan has worked with Engine’s wholly-owned subsidiary, Frankly Media (“Frankly”), to develop and manage its digital sports destination, including leveraging its live streaming audio and video platform.  WinView’s newly announced partnership with 680 The Fan is a perfect compliment.

This is the first partnership of its kind and has the potential to be replicated with other media platforms and to evolve into team partnerships. The decision for WinView to partner with 680 The Fan is driven by their impressive content and large sports following that will promote and market WinView Games. The decision for 680 The Fan to partner with WinView is driven by their commitment to continue improving fan engagement through the play-along game prediction platform offered by WinView. This commitment will be furthered by three of their top on-air personalities (Matt Chernoff, Carlos Medina, and Brian Hoyt) driving the program through the airwaves.

Scott McFarlane, Operations Director of 680 The Fan commented on the announcement stating, “We are excited about delivering these promotions to our listeners. This is a thrilling way to improve fan engagement and interaction with the station and the teams. Our partnership with WinView is another opportunity to enhance the digital sports destination we have been building with Frankly and Engine.”

“Partnering with outlets such as 680 The Fan is another example of Engine Media’s long-term growth plan. We are thrilled to continue partnering with this world-class team,” added Engine Media Chief Executive Officer Lou Schwartz. “Partnerships like this help broadcasters drive audience engagement and realize new streams of revenue. Additionally, social gaming is a way to engage fans by allowing them to demonstrate their sports IQ competing against other fans and winning cash.”

About Engine Media Holdings, Inc.

Engine Media Holdings Inc. is traded publicly under the ticker symbol (NASDAQ: GAME) (TSX-V: GAME). Engine provides premium social sports and esports gaming experiences, as well as unparalleled data analytics, marketing, advertising, and intellectual property to support its owned and operated direct-to-consumer properties while also providing these services to enable its clients and partners. The company’s subsidiaries include Stream Hatchet, the global leader in gaming video distribution analytics; Sideqik, a social influencer marketing discovery, analytics, and activation platform; Eden Games, a premium motorsport video game developer and publisher across console and mobile gaming; WinView Games, a social predictive play-along gaming platform for viewers to play while watching live events; UMG, an end-to-end competitive esports platform powering and broadcasting major esports events, as well as daily community tournaments, matches, and ladders; and Frankly Media, a digital publishing platform used to create, distribute and monetize content across all digital channels. Engine Media generates revenue through a combination of direct-to-consumer and subscription fees, streaming technology and data SaaS-based offerings, programmatic advertising, and sponsorships.

About Frankly Media

Frankly Media provides a complete suite of solutions that give publishers a unified workflow for the creation, management, publishing and monetization of digital content to any device, while maximizing audience value and revenue. Frankly delivers publishers and their audiences the solutions to meet the dynamic challenges of a multi-screen content distribution world.

Frankly’s comprehensive advertising services maximize ROI for our customers, including direct sales and programmatic ad support. With the release of our server-side ad insertion (SSAI) platform, Frankly is well-positioned to help video producers take full advantage of the growing market in addressable advertising.

Frankly’s technology products include a groundbreaking online video platform for Live, VOD and Live-to-VOD workflows, a full-featured CMS with rich storytelling capabilities, as well as native apps for iOS, Android, Apple TV, Fire TV and Roku.

About WinView Games

WinView Games is a Silicon Valley based company that is focused on paid entry, mobile two-screen synchronized televised sports games of skill in the U.S. The Company plans to leverage its extensive experience in pioneering real-time interactive television games played on the mobile second screen, its foundational patents and unique business model. The WinView app is an end-to-end two-screen TV synchronization platform for both television programming and commercials. The paid entry, skill-based WinView Games app uniquely enhances TV viewing enjoyment and rewards sports fans with prizes as they answer in-game questions while competing with friends in real-time during live televised sports. These games of skill are legal in 36 states. For more information, please visit www.winviewgames.com.

About Dickey Broadcasting Company

Dickey Broadcasting Company has been an Atlanta Sports institution for over 28 years. In addition to launching the sports-talk radio format in Atlanta (680 The Fan), DBC owns and operates multiple radio networks (The Braves Radio Network and Southern Sports Today), a conservative talk station (Xtra 106.3), robust digital and mobile offerings, and a sports-based events series (Tailgate Central).  DBC’s headquarters and studios are located inside the Battery Atlanta.

Cautionary Statement on Forward-Looking Information

This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Engine to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. In respect of the forward-looking information contained herein, including the marketing partnership described herein and the potential outcomes and benefits to be derived therefrom, Engine has provided such statements and information in reliance on certain assumptions that management believed to be reasonable at the time. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements stated herein to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on forward-looking information contained in this news release.

The forward-looking statements contained in this news release are made as of the date of this release and, accordingly, are subject to change after such date. Engine does not assume any obligation to update or revise any forward-looking statements, whether written or oral, that may be made from time to time by us or on our behalf, except as required by applicable law.

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

For Further Information:

Investors
Ryan Lawrence, ICR
Ryan.Lawrence@icrinc.com
332-242-4321

Media
James Goldfarb, Sloane & Company
jgoldfarb@sloanepr.com
212-446-1869

Source: Engine Media Holdings, Inc.

Telsas Competitive Headwinds

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Will U.S. Car Companies be Handed Different EV Advantages?

 

Most investors will know these answers: What’s the world’s largest car company by market cap? What company builds the most electric vehicles (EVs)?  Which car is the most “Made in the USA?” And finally, which large U.S. auto manufacturer was not invited when The White House announced plans to “Drive American Leadership Forward on Clean Cars and Trucks”?

 

Answers

Tesla, the electric car company that was founded by South African-born Elon Musk, has the highest market cap of any car company in the world, currently at $742 billion. The second largest is Toyota, approximately one-third the value at $254 billion. Tesla also happens to be the company that builds the most electric cars, measured by the actual number of vehicles and percentage of fleet (100%).  The next answer is the car with the most parts sourced from American materials and labor (just over 70%) is the Telsa Model 3. The Model Y is in the third position while the Ford Mustang qualifies for second place.  The last answer; when The White House invited U.S. car manufacturers to the White House on August 5 to sign an order that kicks-off the target of 50% electric vehicle sales each by 2030, to advance smart fuel efficiency and emission standards, Elon Musk and Tesla were not on the invite list.

 

Car Talk

There were a number of news stories written about the White House “snubbing” Elon. Financial TV personalities discussed it as odd or even insulting that he wasn’t invited, and Musk’s preferred social media platform, Twitter, erupted with sub-280-character commentary. We may never know the answer as to why.  One of the “U.S. Big Three” car manufacturers that were there is an American subsidiary of a Dutch-domiciled automotive company, so it could be argued that they had no more business being invited than Honda or many others.

The reason may be as simple as the car manufacturers that were included in the signing ceremony, don’t meet the fleet percentage goals laid out in the non-binding executive order. In contrast, Tesla has exceeded the target set for 2030 and beyond. We don’t know if this was the rationale, but this could make sense.

Another thought on why the head of the car company where all models are electric was not included is that there really was no reason for him to be there. One thing that is in the infrastructure bill is to subsidize manufacturers when fewer than half their cars sold, are electric. Tesla won’t qualify as they have met the goal, in fact, they sell so many EVs that purchasers no longer qualify for government rebates as they do with other manufacturers that sell less than 200,000 EVs a year.

Some have questioned if there is something much more political behind Musk not be included at this ceremony. It has also been pointed out that after one of his other companies sent four civilians into space for the first time, there was no congratulatory phone call from The White House. Those that question the relationship between him or his companies with politicians point out that he is the only non-union car company headquartered in the states. Could there be pressure from political donors to avoid the founder? Another thing Musk and his company are excluded from suggests there may actually be some politics at play. Within the $3.5 billion proposed infrastructure bill, there is money set aside to create rebates for purchasers of EVs. However, this rebate only applies if the car was built with union labor. This clearly works to disadvantage Tesla’s business structure.

 

Entrepreneurial Spirit

The Founder and CEO of Tesla is a serial entrepreneur. Each company, whether it be Paypal, The Boring Company, SpaceX , Tesla, or others he started along the way are unique and probably required a lot of autonomy. The required autonomy is because the ideas may have seemed farfetched or beyond anyone’s grasp to accomplish. Less autonomy may have only served to undermine his success.  

It may be this independent trait that separates him from those in government. Those that are more inclined to set an agenda and expect that others will fall in line. Some fall in line because their hand is out on behalf of their stockholders for assistance; others fall in line because they don’t have better ideas themselves. One example where Musk openly did not fall in line is when he resigned from two advisory councils during the last administration. Elon Musk was determined to only align himself with those that he felt were pro-environment. The U.S. backing out of the Paris Climate Agreement worked against this ethic, so he decided to resign from the White House’s Manufacturing Jobs Initiative and Strategic and Policy Forum, and the Economic Advisory Council.

 

 

 Investor Take-Away

To operate a business in a country that can even consider spending the large $3.5 trillion for upgrades, change, improvements, and incentives to build toward a more solid future is positive for the company. If the trillions are spent in an uneven way, investors should pay attention to the industries that benefit and companies within those industries – specifically, the industries and companies that could benefit or be hurt by lopsided handling of funds used for growth.

The news outlets and avid Tweeters seem to exist to convey their thoughts and to a lesser extent, put on a show. Whether there was a snub of a U.S. car company (or its head) is really just gossip. Investors don’t make money off gossip. However, trends are important and so is a competitive advantage. Pay attention to how all the car companies are treated; there may be opportunities if one or more are favored during the coming changes.

Email me your thoughts on this or other investment matters directly if you’d like. If you aren’t registered to receive our articles and access to equity research take a second and leave your email here now.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading:



Lithium Prices Strengthening on EV Demand

Can Tesla Beat Lithium Miners at Their Own Game?





Academic Thoughts on Tesla’s Robots

The Future of Electric Vehicles

 

Sources:

https://www.whitehouse.gov/briefing-room/statements-releases/2021/08/05/fact-sheet-president-biden-announces-steps-to-drive-american-leadership-forward-on-clean-cars-and-trucks/

https://www.visualcapitalist.com/wp-content/uploads/2021/01/car-manufacturers-by-market-cap.html

https://www.forbes.com/sites/jimgorzelany/2021/06/23/which-cars-are-the-most-american-for-2021/?sh=42e9d9655210

https://www.barrons.com/articles/tesla-elon-musk-biden-spacex-51632147109?mod=hp_DAY_Theme_2_1

https://www.cars.com/american-made-index/

 

Stay up to date. Follow us:

 

Telsa’s Competitive Headwinds

Posted on by Admin

Will U.S. Car Companies be Handed Different EV Advantages?

 

Most investors will know these answers: What’s the world’s largest car company by market cap? What company builds the most electric vehicles (EVs)?  Which car is the most “Made in the USA?” And finally, which large U.S. auto manufacturer was not invited when The White House announced plans to “Drive American Leadership Forward on Clean Cars and Trucks”?

 

Answers

Tesla, the electric car company that was founded by South African-born Elon Musk, has the highest market cap of any car company in the world, currently at $742 billion. The second largest is Toyota, approximately one-third the value at $254 billion. Tesla also happens to be the company that builds the most electric cars, measured by the actual number of vehicles and percentage of fleet (100%).  The next answer is the car with the most parts sourced from American materials and labor (just over 70%) is the Telsa Model 3. The Model Y is in the third position while the Ford Mustang qualifies for second place.  The last answer; when The White House invited U.S. car manufacturers to the White House on August 5 to sign an order that kicks-off the target of 50% electric vehicle sales each by 2030, to advance smart fuel efficiency and emission standards, Elon Musk and Tesla were not on the invite list.

 

Car Talk

There were a number of news stories written about the White House “snubbing” Elon. Financial TV personalities discussed it as odd or even insulting that he wasn’t invited, and Musk’s preferred social media platform, Twitter, erupted with sub-280-character commentary. We may never know the answer as to why.  One of the “U.S. Big Three” car manufacturers that were there is an American subsidiary of a Dutch-domiciled automotive company, so it could be argued that they had no more business being invited than Honda or many others.

The reason may be as simple as the car manufacturers that were included in the signing ceremony, don’t meet the fleet percentage goals laid out in the non-binding executive order. In contrast, Tesla has exceeded the target set for 2030 and beyond. We don’t know if this was the rationale, but this could make sense.

Another thought on why the head of the car company where all models are electric was not included is that there really was no reason for him to be there. One thing that is in the infrastructure bill is to subsidize manufacturers when fewer than half their cars sold, are electric. Tesla won’t qualify as they have met the goal, in fact, they sell so many EVs that purchasers no longer qualify for government rebates as they do with other manufacturers that sell less than 200,000 EVs a year.

Some have questioned if there is something much more political behind Musk not be included at this ceremony. It has also been pointed out that after one of his other companies sent four civilians into space for the first time, there was no congratulatory phone call from The White House. Those that question the relationship between him or his companies with politicians point out that he is the only non-union car company headquartered in the states. Could there be pressure from political donors to avoid the founder? Another thing Musk and his company are excluded from suggests there may actually be some politics at play. Within the $3.5 billion proposed infrastructure bill, there is money set aside to create rebates for purchasers of EVs. However, this rebate only applies if the car was built with union labor. This clearly works to disadvantage Tesla’s business structure.

 

Entrepreneurial Spirit

The Founder and CEO of Tesla is a serial entrepreneur. Each company, whether it be Paypal, The Boring Company, SpaceX , Tesla, or others he started along the way are unique and probably required a lot of autonomy. The required autonomy is because the ideas may have seemed farfetched or beyond anyone’s grasp to accomplish. Less autonomy may have only served to undermine his success.  

It may be this independent trait that separates him from those in government. Those that are more inclined to set an agenda and expect that others will fall in line. Some fall in line because their hand is out on behalf of their stockholders for assistance; others fall in line because they don’t have better ideas themselves. One example where Musk openly did not fall in line is when he resigned from two advisory councils during the last administration. Elon Musk was determined to only align himself with those that he felt were pro-environment. The U.S. backing out of the Paris Climate Agreement worked against this ethic, so he decided to resign from the White House’s Manufacturing Jobs Initiative and Strategic and Policy Forum, and the Economic Advisory Council.

 

 

 Investor Take-Away

To operate a business in a country that can even consider spending the large $3.5 trillion for upgrades, change, improvements, and incentives to build toward a more solid future is positive for the company. If the trillions are spent in an uneven way, investors should pay attention to the industries that benefit and companies within those industries – specifically, the industries and companies that could benefit or be hurt by lopsided handling of funds used for growth.

The news outlets and avid Tweeters seem to exist to convey their thoughts and to a lesser extent, put on a show. Whether there was a snub of a U.S. car company (or its head) is really just gossip. Investors don’t make money off gossip. However, trends are important and so is a competitive advantage. Pay attention to how all the car companies are treated; there may be opportunities if one or more are favored during the coming changes.

Email me your thoughts on this or other investment matters directly if you’d like. If you aren’t registered to receive our articles and access to equity research take a second and leave your email here now.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading:



Lithium Prices Strengthening on EV Demand

Can Tesla Beat Lithium Miners at Their Own Game?





Academic Thoughts on Tesla’s Robots

The Future of Electric Vehicles

 

Sources:

https://www.whitehouse.gov/briefing-room/statements-releases/2021/08/05/fact-sheet-president-biden-announces-steps-to-drive-american-leadership-forward-on-clean-cars-and-trucks/

https://www.visualcapitalist.com/wp-content/uploads/2021/01/car-manufacturers-by-market-cap.html

https://www.forbes.com/sites/jimgorzelany/2021/06/23/which-cars-are-the-most-american-for-2021/?sh=42e9d9655210

https://www.barrons.com/articles/tesla-elon-musk-biden-spacex-51632147109?mod=hp_DAY_Theme_2_1

https://www.cars.com/american-made-index/

 

Stay up to date. Follow us:

 

Engine Media’s WinView Games Announces Partnership with Atlanta Radio Station 680 The Fan

Posted on by Admin

 


Engine Media’s WinView Games Announces Partnership with Atlanta Radio Station 680 The Fan

 

Partnership Expands on Current Partnership Between Engine Media’s Frankly Media and 680 The Fan

NEW YORK, September 21, 2021 — Engine Media Holdings, Inc. (“Engine” or the “Company”; NASDAQ: GAME; TSX-V: GAME), an esports/sports gaming and next-generation media solutions company, today announced that its wholly owned subsidiary, WinView Games (“WinView”) has entered into a partnership with 680 The Fan, Atlanta’s preeminent sports radio station, to elevate listener engagement with live games of skill that test the audience’s sports IQ for cash or fun. The partnership consists of exclusive WinView contests and promotions that are synchronized to 680 The Fan’s broadcast and website. These contests will allow people to play along while they listen or watch a game, which will span Braves, Hawks, Falcons, Bulldogs, and Yellow Jackets games. These games will be produced in both live and pregame modes, which will allow users to constantly engage with the events.

This partnership illustrates Engine’s unique position in the skills-based gaming market and its ability to combine media solutions with social gaming experiences to create truly one-of-a-kind experiences. 680 The Fan has worked with Engine’s wholly-owned subsidiary, Frankly Media (“Frankly”), to develop and manage its digital sports destination, including leveraging its live streaming audio and video platform.  WinView’s newly announced partnership with 680 The Fan is a perfect compliment.

This is the first partnership of its kind and has the potential to be replicated with other media platforms and to evolve into team partnerships. The decision for WinView to partner with 680 The Fan is driven by their impressive content and large sports following that will promote and market WinView Games. The decision for 680 The Fan to partner with WinView is driven by their commitment to continue improving fan engagement through the play-along game prediction platform offered by WinView. This commitment will be furthered by three of their top on-air personalities (Matt Chernoff, Carlos Medina, and Brian Hoyt) driving the program through the airwaves.

Scott McFarlane, Operations Director of 680 The Fan commented on the announcement stating, “We are excited about delivering these promotions to our listeners. This is a thrilling way to improve fan engagement and interaction with the station and the teams. Our partnership with WinView is another opportunity to enhance the digital sports destination we have been building with Frankly and Engine.”

“Partnering with outlets such as 680 The Fan is another example of Engine Media’s long-term growth plan. We are thrilled to continue partnering with this world-class team,” added Engine Media Chief Executive Officer Lou Schwartz. “Partnerships like this help broadcasters drive audience engagement and realize new streams of revenue. Additionally, social gaming is a way to engage fans by allowing them to demonstrate their sports IQ competing against other fans and winning cash.”

About Engine Media Holdings, Inc.

Engine Media Holdings Inc. is traded publicly under the ticker symbol (NASDAQ: GAME) (TSX-V: GAME). Engine provides premium social sports and esports gaming experiences, as well as unparalleled data analytics, marketing, advertising, and intellectual property to support its owned and operated direct-to-consumer properties while also providing these services to enable its clients and partners. The company’s subsidiaries include Stream Hatchet, the global leader in gaming video distribution analytics; Sideqik, a social influencer marketing discovery, analytics, and activation platform; Eden Games, a premium motorsport video game developer and publisher across console and mobile gaming; WinView Games, a social predictive play-along gaming platform for viewers to play while watching live events; UMG, an end-to-end competitive esports platform powering and broadcasting major esports events, as well as daily community tournaments, matches, and ladders; and Frankly Media, a digital publishing platform used to create, distribute and monetize content across all digital channels. Engine Media generates revenue through a combination of direct-to-consumer and subscription fees, streaming technology and data SaaS-based offerings, programmatic advertising, and sponsorships.

About Frankly Media

Frankly Media provides a complete suite of solutions that give publishers a unified workflow for the creation, management, publishing and monetization of digital content to any device, while maximizing audience value and revenue. Frankly delivers publishers and their audiences the solutions to meet the dynamic challenges of a multi-screen content distribution world.

Frankly’s comprehensive advertising services maximize ROI for our customers, including direct sales and programmatic ad support. With the release of our server-side ad insertion (SSAI) platform, Frankly is well-positioned to help video producers take full advantage of the growing market in addressable advertising.

Frankly’s technology products include a groundbreaking online video platform for Live, VOD and Live-to-VOD workflows, a full-featured CMS with rich storytelling capabilities, as well as native apps for iOS, Android, Apple TV, Fire TV and Roku.

About WinView Games

WinView Games is a Silicon Valley based company that is focused on paid entry, mobile two-screen synchronized televised sports games of skill in the U.S. The Company plans to leverage its extensive experience in pioneering real-time interactive television games played on the mobile second screen, its foundational patents and unique business model. The WinView app is an end-to-end two-screen TV synchronization platform for both television programming and commercials. The paid entry, skill-based WinView Games app uniquely enhances TV viewing enjoyment and rewards sports fans with prizes as they answer in-game questions while competing with friends in real-time during live televised sports. These games of skill are legal in 36 states. For more information, please visit www.winviewgames.com.

About Dickey Broadcasting Company

Dickey Broadcasting Company has been an Atlanta Sports institution for over 28 years. In addition to launching the sports-talk radio format in Atlanta (680 The Fan), DBC owns and operates multiple radio networks (The Braves Radio Network and Southern Sports Today), a conservative talk station (Xtra 106.3), robust digital and mobile offerings, and a sports-based events series (Tailgate Central).  DBC’s headquarters and studios are located inside the Battery Atlanta.

Cautionary Statement on Forward-Looking Information

This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Engine to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. In respect of the forward-looking information contained herein, including the marketing partnership described herein and the potential outcomes and benefits to be derived therefrom, Engine has provided such statements and information in reliance on certain assumptions that management believed to be reasonable at the time. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements stated herein to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on forward-looking information contained in this news release.

The forward-looking statements contained in this news release are made as of the date of this release and, accordingly, are subject to change after such date. Engine does not assume any obligation to update or revise any forward-looking statements, whether written or oral, that may be made from time to time by us or on our behalf, except as required by applicable law.

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

For Further Information:

Investors
Ryan Lawrence, ICR
Ryan.Lawrence@icrinc.com
332-242-4321

Media
James Goldfarb, Sloane & Company
jgoldfarb@sloanepr.com
212-446-1869

Source: Engine Media Holdings, Inc.

Driven By Stem Announces the Acquisition of Artifact Extracts, Salem Delivery Capabilities, and Two Additional Dispensaries

Posted on by Admin

 


Driven By Stem Announces the Acquisition of Artifact Extracts, Salem Delivery Capabilities, and Two Additional Dispensaries

 

Advances Driven By Stem’s footprint in the fast-growing concentrates segment through the acquisition of premier cannabis extraction company and award-winning brand

BOCA RATON, Fla., Sept. 20, 2021 (GLOBE NEWSWIRE) — Stem Holdings, Inc. d/b/a Driven by Stem (OTCQX: STMH) (CSE: STEM) (the “Company” or “Stem“), the first multi-state, vertically integrated Farm-to-Home™ (F2H) cultivation and technology omnichannel cannabis company featuring a proprietary Delivery-as-a-Service (DaaS) marketplace platform, today announced that it has acquired Artifact Extracts (“Artifact”), a premier cannabis extraction company based in Oregon known for its award-winning concentrates, as well as two dispensaries. The national market for concentrates grew 40% last year* as new and current cannabis consumers turn to this product category.

Strategic Highlights:

With the acquisition of Artifact, Driven By Stem will be well positioned to capture additional market share, expand its presence in the fast-growing concentrates segment, and maximize value for all its shareholders.

  • Increases footprint of fully-owned dispensaries on the West Coast to six locations.

  • Expand Oregon presence with a dispensary in Salem, to be re-named TJ’s on Broadway, and a dispensary in Eugene, to be re-named TJ’s on 7th, flanking its two existing dispensaries in the city. Cannabis sales in Salem/Marion County were $73.5 million in 2020 growing 32.4%** as compared to the prior year.

  • Immediately launch the Budee™ proprietary delivery platform in Salem, extending its consumer reach with expedited service, with service expansion to Eugene in October.

  • Supply consistent, high-quality biomass for Artifact from its cultivation operations for Stem’s TJ’s Gardens™ and Yerba Buena™ brands in Oregon, with accretive margins.

  • Integrate Artifact’s premier line of concentrates including budder, badder, shatter, crumble, rosin, THC A crystals, and other popular forms into Stem’s family of brands and product lines.

  • Expands the Company’s distribution footprint by cross-selling into dispensaries not yet supplied with the full portfolio of Stem’s brands, as well as including Artifact’s presence in all TJ’s dispensaries.

  • Strengthen Stem’s experienced management team with the integration of Artifact’s skilled R&D leadership.

“Artifact is recognized for the potency and purity of its high-quality line of concentrates that have driven its growth in the Oregon market,” stated Adam Berk, CEO of Stem. “As a result of this strategic acquisition, we will benefit from the expertise and broad capabilities that the Artifact team will provide to our existing extraction team that has specialized in tinctures and edibles, as well as in retail operations. We look forward to integrating Artifact’s operations, dispensaries, and leadership into the Stem family, and quickly expanding product distribution to our full retail customer base for rapid growth.”

Jesse Johnson, the lead extractor at Artifact, commented, “We have worked with Stem in the past and trust the quality of the cannabis grown in its facilities. The synergies of this acquisition will build value for the company as we combine our expertise to launch cutting-edge products meeting the needs of this evolving market, as well as increasing their market penetration with an expanded retail and delivery platform,” he concluded.

The transaction closed September 17th, 2021 with all OLCC approvals granted. In connection with such transaction, Stem issued 8,209,178 shares of common stock of Stem at a deemed aggregate value of US$2,925,000 at a 24% premium to Stem’s closing share price of common stock. Such share consideration will be held in escrow for a period of six months with a subsequent six month leak out.

*MJ Business Daily, 2/8/2021, “Marijuana Concentrate Sales Up”

**Portland Business Journal, 1/11/2021, “Oregon Cannabis Consumption at Record High…”

About Stem Holdings, Inc.

Stem Holdings is a leading omnichannel, vertically-integrated cannabis branded products and technology company with state-of-the-art cultivation, processing, extraction, retail, distribution, and delivery-as-a-service (DaaS) operations throughout the United States. Stem’s family of award-winning brands includes TJ’s Gardens™, TravisxJames™, and Yerba Buena™ flower and extracts; Cannavore™ edible confections; Doseology™, a CBD mass-market brand launching in late 2021; as well as DaaS brands Budee™ and Ganjarunner™ through the acquisition of Driven Deliveries. Budee™ and Ganjarunner™ e-commerce platforms provide direct-to consumer proprietary logistics and an omnichannel UX (user experience)/CX (customer experience).

Cautionary Note Regarding Forward-Looking Information

This press release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the management of Stem with respect to future business activities. Forward-looking information is often identified by the words “may,” “would,” “could,” “should,” “will,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expect” or similar expressions and includes information regarding: (i) expectations around the accretive nature of the acquisition; (ii) the expansion of the Company’s market following the closing of the acquisition and the ability to scale operations; and (iii) the launch of delivery services into Stem’s current and future markets. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects the management of Stem’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Stem believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: changes in general economic, business and political conditions, including changes in the financial markets; the ability of the Company to raise debt and equity capital in the amounts and at the costs that it expects; adverse changes in the public perception of cannabis; construction delays; decreases in the prevailing prices for cannabis and cannabis products in the markets that the Company operates in; adverse changes in applicable laws; adverse changes in the application or enforcement of current laws, including those related to taxation; the inability to locate and acquire suitable companies, properties and assets necessary to execute on the Company’s business plans; political risk; and increasing costs of compliance with extensive government regulation. This forward-looking information may be affected by risks and uncertainties in the business of Stem and market conditions.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Stem has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Stem does not assume any obligation to update this forward-looking information except as otherwise required by applicable law.

No securities regulatory authority has in any way passed upon the merits of the proposed transactions described in this news release or has approved or disapproved of the contents of this news release.

Stem Holdings
Investor Relations Contact:
KCSA Strategic Communications
Valter Pinto or Rory Rumore
+1 212.896.1254 / 347.237.9998
valter@kcsa.com / rrumore@kcsa.com

Media Contact:
Mauria Betts
Director of Branding and Public Relations
971.266.1908
mauria@stemholdings.com

The U.S. Department of Energy’s (DOE) Argonne National Laboratory Team Up with Gevo to Apply Argonne’s GREET Model to its Net-Zero Project

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The U.S. Department of Energy’s (DOE) Argonne National Laboratory Team Up with Gevo to Apply Argonne’s GREET Model to its Net-Zero Project

 

ENGLEWOOD, Colo., Sept. 20, 2021 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) The U.S. Department of Energy’s (DOE) Argonne National Laboratory recently partnered with Gevo, Inc., a Colorado-based producer of energy-dense liquid hydrocarbons such as sustainable aviation fuel (SAF) and renewable premium gasoline, to perform a critical lifecycle analysis of its next-generation technology.

Using data provided by Gevo, Argonne’s Greenhouse gases, Regulated Emissions, and Energy use in Technologies (GREET) Model is expected to yield results regarding carbon footprints of these fuels within a few months. The effort is funded by the DOE’s Bioenergy Technologies Office, which is part of the Office of Energy Efficiency and Renewable Energy (EERE).

“I am thrilled by this partnership and by the DOE’s investment in this project,” said Michael Wang, an Argonne Distinguished Fellow, Senior Scientist, and the Director of the Systems Assessment Center of the Energy Systems division at the laboratory. “This is the type of real-world application GREET was made for.”

GREET’s pioneering lifecycle analysis considers a host of different fuel production pathways. Results include energy use, emissions of greenhouse gases and air pollutants, and water consumption related to the production processes. The analysis also includes results across the whole of the fuel pathway system, from capturing carbon via photosynthesis to the final burning of the fuel.

Uisung Lee, an energy systems analyst in the Systems Assessment Center of the Energy Systems Division at Argonne, said that “Gevo’s commitment to reach net-zero carbon emissions with advanced renewable hydrocarbon fuels, including SAF and renewable premium gasoline made from field corn—not only in relation to the final product but in every stage of the production along the entire supply chain—will show how deep decarbonization of biofuels can be achieved holistically.”

“Biofuels are low carbon already,” Lee said. “But Gevo wants it to be net-zero carbon. That’s an ambitious goal and one that would be a game-changer in the biofuel industry.”

Argonne will examine emissions at every stage of the supply chain: This “field to aircraft wake” analysis will include each possible step from production to combustion. “While it might be impossible to reach zero carbon emissions at every stage, sustainable farming practices and carbon capture from biofuel plants and re-use might help the company reach its goal when measured across the whole biofuel supply chain system,” Wang said. GREET is unique; it is based on well-developed science and it allows for adaptation, and, in this way, can accommodate changes and incorporate new ideas, including those arising in agriculture and forestry, which are so important to innovation.

“We believe in radical transparency when it comes to sustainability. It’s incredibly important to have good data, good models, and use them for decision making, especially when making choices about technologies across the business system. When we find a process where we can reduce our carbon intensity, we have to analyze it, and if it moves us further down the path to our goals, we try to implement it,” says Dr. Patrick Gruber, Chief Executive Officer of Gevo, Inc. “The tools that the GREET model provides are key to our business model. We have used the GREET model as a guidepost for our process because those benefits are realized in the resulting analysis. It’s why our plants are expected to operate on renewable energy, including wind turbines, and why we chose to integrate renewable biogas into our production system. I expect that, as we work through the analysis with Argonne’s team, we will come up with additional great ideas to get our carbon footprint down even further.”

GREET is constantly being improved: The GREET software provides users with a ready-use life cycle analysis tool to perform simulations of alternative transportation fuels and vehicle technologies in just a few minutes. At present, there are more than 48,000 registered GREET users worldwide.

Wang said that Argonne plans on releasing its findings from this collaboration soon.

The Office of Energy Efficiency and Renewable Energy supports early-stage research and development of energy efficiency and renewable energy technologies to strengthen U.S. economic growth, energy security, and environmental quality.

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI. Learn more at Gevo’s website: www.gevo.com

Argonne National Laboratory seeks solutions to pressing national problems in science and technology. The nation’s first national laboratory, Argonne conducts leading-edge basic and applied scientific research in virtually every scientific discipline. Argonne researchers work closely with researchers from hundreds of companies, universities, and federal, state and municipal agencies to help them solve their specific problems, advance America’s scientific leadership and prepare the nation for a better future. With employees from more than 60 nations, Argonne is managed by UChicago Argonne, LLC for the U.S. Department of Energy’s Office of Science .

The U.S. Department of Energy’s Office of Science is the single largest supporter of basic research in the physical sciences in the United States and is working to address some of the most pressing challenges of our time. For more information, visit https://www.energy.gov/science.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including Gevo’s technology, the Department of Energy’s Argonne GREET model, the production of SAF, the attributes of Gevo’s products, Gevo’s Net-Zero Project and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

Investor and Media Contact

+1 720-647-9605

IR@gevo.com

Capstone Green Energy Distributor E-Finity Secures 2.4 Megawatt Order to Power Major Caribbean Resort

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Capstone Green Energy Distributor E-Finity Secures 2.4 Megawatt Order to Power Major Caribbean Resort

 

Three Capstone Microturbines Will Provide 100% of the Resort’s Power While Contributing Significantly to Its Sustainability Goals

VAN NUYS, CA / ACCESSWIRE / September 20, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced today that it continues to expand the low emission microturbine market in the Caribbean with an order for a major Caribbean resort redevelopment project that includes 2.4 megawatts (MWs) of C800 Signature Series (C800S) microturbine energy systems.

The order, secured by E-Finity Distributed Generation (www.e-finity.com), Capstone’s exclusive distributor for the Mid-Atlantic and Southeastern United States and parts of the Caribbean, is expected to be commissioned in the Spring of 2022.

Three Capstone Green Energy propane-fueled C800 Signature Series microturbine energy systems are designed to provide a reliable, environmentally friendly, and cost-effective alternative to the island’s expensive grid power. The new power plant is expected to provide all of the resort’s power while potentially generating millions of dollars in estimated annual electric cost savings and reducing the resort’s carbon footprint.

“Delivering clean, reliable, low-cost power to our Caribbean clients is E-Finity’s number one priority right now,” said Jeff Beiter, E-Finity President and Chief Executive Officer. “Economically, the system has the potential to save the customer millions of dollars; environmentally, it is designed to offset millions of pounds of CO2 per year, equivalent to removing 500+ cars from the road. In fact, no oil deliveries, storage, or disposal are needed with our air lubricated, air-cooled microturbines; I’d say that’s environmentally friendly,” added Mr. Beiter.

This 2.4 MW power plant is designed for N+1 redundancy and is expandable to 3 MW simply by adding another 200 kilowatt (kW) module to each C800S package, making it a C1000S system should the resort expand in the future. The Signature Series products also meets the wind-resistant provisions of the 2018 International Building Code, ASCE 7-16, for wind speeds up to 180 mph.

“This project exemplifies what I call the new breed of forward-looking, progressive developers who are finding creative ways to reduce their carbon footprint as well as lowering their annual operating costs – thus making green by being green,” said Darren Jamison, Capstone Green Energy President and Chief Executive Officer. “This low emission development will adapt to the resort’s growing energy needs over time and is expected to significantly reduce their carbon footprint. All the while, it is anticipated that they will generate reliable electricity at a lower cost than other resorts on the island that still buy power from the utility, which is generated using outdated, higher emissions technologies and more expensive fuels,” concluded Mr. Jamison.

About Capstone Green Energy
Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Conversion Products are driven by the Company’s industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, Capstone Green Energy offers customers a variety of hydrogen products, including the Company’s microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated at 1,115,100 tons of carbon and $698 million in annual energy savings.

For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

CONTACT:
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
ir@CGRNenergy.com

SOURCE: Capstone Green Energy Corporation

Orion Group Holdings (ORN) – Weather Impact is Bad News, But Normal 2022 is Good News

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Monday, September 20, 2021

Orion Group Holdings (ORN)
Weather Impact is Bad News, But Normal 2022 is Good News

Orion Group Holdings, based in Houston, Texas, is a specialty construction company within the Marine and Industrial Construction sectors, with operations focused in the continental United States and Caribbean. Revenue is split roughly 50/50 between a Marine Construction segment that provides marine facility, pipeline and structural construction services and a Commercial Concrete segment that provides turnkey concrete services in the light commercial and structural construction markets.

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

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

    Backlog should continue to rebound with recent low bids. High bidding activity portends additional awards. 2Q2021 backlog of $394 million rebounded from $365 million in 1Q2021 due to higher Marine backlog of $170 million and Concrete backlog of $224 million. Recent low bids pending awards exceed $40 million. More good news should be on the horizon and high bidding activity, including bids on several large multi-year projects, such as the NASA causeway in Florida, portends additional award announcements.

    Updating 2021 EBITDA estimate following lingering weather impact.  We are lowering our 2021 EBITDA estimate to $31.4 million from $43.2 million to reflect the lingering impact of poor weather. In addition to tough comps versus last year, poor weather likely has had a dampening impact on operating results. While Marine results should pick up and Concrete represents upside potential, we are taking a …



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.