Category: Retail and Consumer

Release -Schwazze Signs Definitive Documents To Acquire Assets Of Urban Health Wellness Inc.

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Schwazze Signs Definitive Documents To Acquire Assets Of Urban Health & Wellness, Inc.

Research, News, and Market Data on Schwazze

 

DENVER, March 16, 2022 /CNW/ – Schwazze, (OTCQX: SHWZ) (“Schwazze” or the “Company”), announced that it has signed definitive documents to acquire all the assets of Urban Health & Wellness, Inc. (“Urban”). The proposed transaction includes the adult use Urban Dispensary, located at West 38th Avenue and Clay Street, in Denver’s vibrant Highlands neighborhood as well as a 7,200 square foot indoor cultivation facility (2,700 square feet of canopy) located in Denver, Colorado. This purchase continues Schwazze’s aggressive expansion in Colorado and upon close will bring the Company’s total number of Colorado dispensaries to 23 and grow facilities to four.

The consideration for the proposed acquisition is US$3.2 million and will be paid as $1.3M cash and $1.9M stock at closing. The acquisition is expected to close in the second quarter of 2022 after the Colorado Marijuana Enforcement Division and local licensing approval.

“We look forward to the addition of the Urban group, including the strategically located Urban Dispensary and its Denver grow facility to our expanding pipeline of assets in Colorado. Delivering our brands and our excellent customer service into new neighborhoods is a Schwazze hallmark as we continue to go deep in the state. We also look forward to welcoming the Urban team to our growing Schwazze family,” said Nirup Krishnamurthy, Schwazze’s COO.    

Since April 2020, Schwazze has acquired or announced the planned acquisition of 33 cannabis dispensaries as well as seven cultivation facilities and two manufacturing assets in Colorado and New Mexico. In May 2021, Schwazze announced its BioSciences division and in August 2021 it commenced home delivery services in Colorado.

About Schwazze
Schwazze (OTCQX: SHWZ) is building a premier vertically integrated regional cannabis company with assets in Colorado and New Mexico and will continue to take its operating system to other states where it can develop a differentiated regional leadership position. Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. The Company is committed to unlocking the full potential of the cannabis plant to improve the human condition. Schwazze is anchored by a high- performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. The Company’s leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector. Schwazze is passionate about making a difference in our communities, promoting diversity and inclusion, and doing our part to incorporate climate-conscious best practices. Medicine Man Technologies, Inc. was Schwazze’s former operating trade name. The corporate entity continues to be named Medicine Man Technologies, Inc. Schwazze derives its name from the pruning technique of a cannabis plant to enhance plant structure and promote healthy growth.

Forward-Looking Statements
This press release contains “forward-looking statements.” Such statements may be preceded by the words “plan,” “will,” “may,” “continue,” “predicts,” or similar words. Forward-looking statements are not guarantees of future events or performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control and cannot be predicted or quantified. Consequently, actual events and results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; (v) difficulties in securing regulatory approval to market our products and product candidates; (vi) our ability to successfully execute our growth strategy in Colorado and outside the state, (vii) our ability to consummate the acquisition described in this press release or to identify and consummate future acquisitions that meet our criteria, (viii) our ability to successfully integrate acquired businesses, including the acquisition described in this press release, and realize synergies therefrom, (ix) the ongoing COVID-19 pandemic, * the timing and extent of governmental stimulus programs, and (xi) the uncertainty in the application of federal, state and local laws to our business, and any changes in such laws. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise except as required by law.

SOURCE Schwazze

Schwazze Signs Definitive Documents To Acquire Assets Of Urban Health & Wellness, Inc.

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Schwazze Signs Definitive Documents To Acquire Assets Of Urban Health & Wellness, Inc.

Research, News, and Market Data on Schwazze

 

DENVER, March 16, 2022 /CNW/ – Schwazze, (OTCQX: SHWZ) (“Schwazze” or the “Company”), announced that it has signed definitive documents to acquire all the assets of Urban Health & Wellness, Inc. (“Urban”). The proposed transaction includes the adult use Urban Dispensary, located at West 38th Avenue and Clay Street, in Denver’s vibrant Highlands neighborhood as well as a 7,200 square foot indoor cultivation facility (2,700 square feet of canopy) located in Denver, Colorado. This purchase continues Schwazze’s aggressive expansion in Colorado and upon close will bring the Company’s total number of Colorado dispensaries to 23 and grow facilities to four.

The consideration for the proposed acquisition is US$3.2 million and will be paid as $1.3M cash and $1.9M stock at closing. The acquisition is expected to close in the second quarter of 2022 after the Colorado Marijuana Enforcement Division and local licensing approval.

“We look forward to the addition of the Urban group, including the strategically located Urban Dispensary and its Denver grow facility to our expanding pipeline of assets in Colorado. Delivering our brands and our excellent customer service into new neighborhoods is a Schwazze hallmark as we continue to go deep in the state. We also look forward to welcoming the Urban team to our growing Schwazze family,” said Nirup Krishnamurthy, Schwazze’s COO.    

Since April 2020, Schwazze has acquired or announced the planned acquisition of 33 cannabis dispensaries as well as seven cultivation facilities and two manufacturing assets in Colorado and New Mexico. In May 2021, Schwazze announced its BioSciences division and in August 2021 it commenced home delivery services in Colorado.

About Schwazze
Schwazze (OTCQX: SHWZ) is building a premier vertically integrated regional cannabis company with assets in Colorado and New Mexico and will continue to take its operating system to other states where it can develop a differentiated regional leadership position. Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. The Company is committed to unlocking the full potential of the cannabis plant to improve the human condition. Schwazze is anchored by a high- performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. The Company’s leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector. Schwazze is passionate about making a difference in our communities, promoting diversity and inclusion, and doing our part to incorporate climate-conscious best practices. Medicine Man Technologies, Inc. was Schwazze’s former operating trade name. The corporate entity continues to be named Medicine Man Technologies, Inc. Schwazze derives its name from the pruning technique of a cannabis plant to enhance plant structure and promote healthy growth.

Forward-Looking Statements
This press release contains “forward-looking statements.” Such statements may be preceded by the words “plan,” “will,” “may,” “continue,” “predicts,” or similar words. Forward-looking statements are not guarantees of future events or performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control and cannot be predicted or quantified. Consequently, actual events and results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; (v) difficulties in securing regulatory approval to market our products and product candidates; (vi) our ability to successfully execute our growth strategy in Colorado and outside the state, (vii) our ability to consummate the acquisition described in this press release or to identify and consummate future acquisitions that meet our criteria, (viii) our ability to successfully integrate acquired businesses, including the acquisition described in this press release, and realize synergies therefrom, (ix) the ongoing COVID-19 pandemic, * the timing and extent of governmental stimulus programs, and (xi) the uncertainty in the application of federal, state and local laws to our business, and any changes in such laws. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise except as required by law.

SOURCE Schwazze

Kandi Technologies Group (KNDI) – Solid Results Reflect A Shifting Strategic Direction

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Wednesday, March 16, 2022

Kandi Technologies Group (KNDI)
Solid Results Reflect A Shifting Strategic Direction

Kandi Technologies Group, Inc. (KNDI), headquartered in Jinhua Economic Development Zone, Zhejiang Province, is engaged in the research, development, manufacturing, and sales of various vehicular products. Kandi conducts its primary business operations through its wholly-owned subsidiary, Zhejiang Kandi Technologies Group Co., Ltd. (“Zhejiang Kandi Technologies”), formerly, Zhejiang Kandi Vehicles Co., Ltd.) and its subsidiaries including Zhejiang Kandi Smart Battery Swap Technology Co., Ltd, and SC Autosports, LLC (d/b/a Kandi America), the wholly-owned subsidiary of Kandi in the United States, and its wholly-owned subsidiary, Kandi America Investment, LLC. Zhejiang Kandi Technologies has established itself as one of China’s leading manufacturers of pure electric vehicle parts and off-road vehicles.

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

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

    Results were in line with expectations and reflect a trend towards off-road vehicles and scooters and away from electric vehicles (EV). Of note was a 420% increase in revenues for scooters making it Kandi’s largest operating division. Kandi reported net income of $22.9 million ($0.30 per share) versus our estimate of $25.1 million ($0.28 per share). The company’s financial position remains strong with cash and cash equivalents reaching $223 million (almost $3 per share) higher than the stock’s current trading price.

    The EV market in China has become competitive with others selling at a loss.  Kandi is deemphasizing the EV market, and with it, the ride sharing and battery swap markets to focus on off-road vehicles and scooters. The shift away from EVs may be disappointing for long-time investors who entered the stock in the hopes of finding the next Tesla. In our opinion, it is more important to be a profitable …

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 – ACCO Brands Announces Deborah A. O’Connor as Chief Financial Officer

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ACCO Brands Announces Deborah A. O’Connor as Chief Financial Officer

Research, News, and Market Data on ACCO Brands

 

LAKE ZURICH, Ill.–(BUSINESS WIRE)– ACCO Brands Corporation (NYSE: ACCO) today announced that Deborah A. O’Connor has been named as Executive Vice President and Chief Financial Officer, effective April 4, 2022.

“Deb is an experienced Chief Financial Officer with a track record of delivering value with deep operational, industry, mergers and acquisitions, international and public company accounting experience. We’re excited to have her join ACCO Brands and help lead our transformation to a faster growing brand-, consumer- and technology-centric company,” said Boris Elisman, ACCO Brands Chairman and Chief Executive Officer.

Ms. O’Connor was President and Chief Financial Officer of True Value Company, a wholesaler and distributor of home improvement and hardware products, from 2020 to 2021, having previously served as its Senior Vice President and Chief Financial Officer from 2015 to 2020. Prior to joining True Value Company, she served in various executive capacities at Office Max/Office Depot, an office supply distributor and retailer, including Senior Vice President of Integration at Office Depot, Interim Chief Financial Officer at OfficeMax, and Senior Vice President and Chief Accounting Officer at OfficeMax. Prior to OfficeMax, Ms. O’Connor served in senior financial roles at ServiceMaster.

Ms. O’Connor will succeed Neal Fenwick whose upcoming retirement was announced by the Company on February 15, 2022. In connection with Ms. O’Connor’s appointment as Executive Vice President and Chief Financial Officer, Mr. Fenwick will step down as Chief Financial Officer and serve as an executive advisor to ensure a smooth transition until he retires in August 2022.

“Neal’s contributions to ACCO Brands over his long career are numerous and profound. He has been instrumental in establishing the financial foundation which has allowed ACCO Brands to invest, grow, acquire, transform and thrive. Neal has been a leader, partner and mentor to many in the company, and a wise counselor and friend to me. We thank him for his service and congratulate him on starting a new chapter in his life,” concluded Elisman.

About ACCO Brands Corporation

ACCO Brands Corporation (NYSE: ACCO) is one of the world’s largest designers, marketers and manufacturers of branded academic, consumer and business products. Our widely recognized brands include Artline®, AT-A-GLANCE®, Barrilito®, Derwent®, Esselte®, Five Star®, Foroni®, GBC®, Hilroy®, Kensington®, Leitz®, Mead®, PowerA™, Quartet®, Rapid®, Rexel®, Swingline®, Tilibra®, Wilson Jones® and many others. Our products are sold in more than 100 countries around the world. More information about ACCO Brands, the Home of Great Brands Built by Great People, can be found at www.accobrands.com.

Christine Hanneman
Investor Relations
(847) 796-4320

Julie McEwan
Media Relations
(937) 974-8162

Source: ACCO Brands Corporation

ACCO Brands Announces Deborah A. O’Connor as Chief Financial Officer

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ACCO Brands Announces Deborah A. O’Connor as Chief Financial Officer

Research, News, and Market Data on ACCO Brands

 

LAKE ZURICH, Ill.–(BUSINESS WIRE)– ACCO Brands Corporation (NYSE: ACCO) today announced that Deborah A. O’Connor has been named as Executive Vice President and Chief Financial Officer, effective April 4, 2022.

“Deb is an experienced Chief Financial Officer with a track record of delivering value with deep operational, industry, mergers and acquisitions, international and public company accounting experience. We’re excited to have her join ACCO Brands and help lead our transformation to a faster growing brand-, consumer- and technology-centric company,” said Boris Elisman, ACCO Brands Chairman and Chief Executive Officer.

Ms. O’Connor was President and Chief Financial Officer of True Value Company, a wholesaler and distributor of home improvement and hardware products, from 2020 to 2021, having previously served as its Senior Vice President and Chief Financial Officer from 2015 to 2020. Prior to joining True Value Company, she served in various executive capacities at Office Max/Office Depot, an office supply distributor and retailer, including Senior Vice President of Integration at Office Depot, Interim Chief Financial Officer at OfficeMax, and Senior Vice President and Chief Accounting Officer at OfficeMax. Prior to OfficeMax, Ms. O’Connor served in senior financial roles at ServiceMaster.

Ms. O’Connor will succeed Neal Fenwick whose upcoming retirement was announced by the Company on February 15, 2022. In connection with Ms. O’Connor’s appointment as Executive Vice President and Chief Financial Officer, Mr. Fenwick will step down as Chief Financial Officer and serve as an executive advisor to ensure a smooth transition until he retires in August 2022.

“Neal’s contributions to ACCO Brands over his long career are numerous and profound. He has been instrumental in establishing the financial foundation which has allowed ACCO Brands to invest, grow, acquire, transform and thrive. Neal has been a leader, partner and mentor to many in the company, and a wise counselor and friend to me. We thank him for his service and congratulate him on starting a new chapter in his life,” concluded Elisman.

About ACCO Brands Corporation

ACCO Brands Corporation (NYSE: ACCO) is one of the world’s largest designers, marketers and manufacturers of branded academic, consumer and business products. Our widely recognized brands include Artline®, AT-A-GLANCE®, Barrilito®, Derwent®, Esselte®, Five Star®, Foroni®, GBC®, Hilroy®, Kensington®, Leitz®, Mead®, PowerA™, Quartet®, Rapid®, Rexel®, Swingline®, Tilibra®, Wilson Jones® and many others. Our products are sold in more than 100 countries around the world. More information about ACCO Brands, the Home of Great Brands Built by Great People, can be found at www.accobrands.com.

Christine Hanneman
Investor Relations
(847) 796-4320

Julie McEwan
Media Relations
(937) 974-8162

Source: ACCO Brands Corporation

Bassett Furniture (BSET) – Returning Capital to Shareholders

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Monday, March 14, 2022

Bassett Furniture (BSET)
Returning Capital to Shareholders

Bassett Furniture Industries, Inc. is a leading manufacturer and marketer of high-quality home furnishings. With 96 company- and licensee-owned stores located throughout the United States, Bassett has leveraged its strong brand name in furniture into a network of corporate and licensed stores that focus on providing consumers with a friendly environment for buying furniture and accessories. Bassett’s retail strategy includes stylish, custom-built furniture that features the latest on-trend furniture styles, free in-home design visits, and coordinated decorating accessories. The Company also has a traditional wholesale business with more than 700 accounts on the open market and a logistics business specializing in the transport and warehousing of home furnishings. In addition, Bassett sells its products through its website at www.bassettfurniture.com. With revenues in excess of $450 million, approximately 75% of its goods are manufactured, assembled and/or finished in factories located in Virginia, North Carolina and Alabama with the remainder primarily sourced from Asia. The Company was founded in 1902 and is based in Bassett, Virginia.

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

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

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

    Returning Capital. On Friday, Bassett announced the first steps of its capital allocation strategy for the estimated $65 million of net proceeds from the sale of its Zenith Logistics business to J.B. Hunt. In addition to the declaration of the normal quarterly dividend of $0.14 per share, Bassett’s Board approved a special dividend of $1.50 per share and increased the Company’s share repurchase authorization to $40 million. The $1.50 special dividend will consume approximately $15 million of cash, leaving $50 million for share repurchases and other capital allocation strategies.

    Special Dividend.  Bassett has a history of paying special dividends, including at least one annually from 2011-2017 and again in 2020. The $1.50 per share amount represented 8.6% of the closing share price as of Thursday …

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 – Item 9 Labs Corp. Launches Reg A Public Offering Keep Cannabis Local Campaign

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Item 9 Labs Corp. Launches Reg A+ Public Offering & Keep Cannabis Local Campaign

Research, News, and Market Data on Item 9 Labs

 

Investors Now Have a Chance to Invest in the First Vertically Integrated U.S. Cannabis Franchise

PHOENIX, March 9, 2022 /PRNewswire/ — Item 9 Labs Corp. (OTCQX: INLB)–a vertically integrated cannabis dispensary franchisor and operator that produces premium, award-winning products–announced today the launch of its global, streamlined Regulation A, Tier 2 public offering for unaccredited and accredited investors. Now anyone can become a shareholder in Item 9 Labs Corp., which includes the national dispensary franchise, Unity Rd. and premium, award-winning cannabis brand Item 9 Labs. The Company is offering 28 million Units Each Comprised of One Share and One-Half of One Warrant. Upon the exercise of all warrants, the offering has maximum proceeds of $67.2 million.

With new states continuing to legalize cannabis, the industry is on track to explode – projecting $45 billion in revenue by 2025, a 50 percent increase from 2021*. As large players increasingly dominate the space, the business landscape will become even more challenging for new and independent entrepreneurs. The complexities of operating a cannabis business make it difficult for small, independent dispensaries to understand and stay on top of all the varying regulations and everyday challenges of managing and operating a compliant and successful dispensary.

The Company’s offering is set to accelerate the solution. Promoted under its “Keep Cannabis Local” campaign, this funding round offers the opportunity to invest in cannabis entrepreneurship, keeping the door to cannabis ownership open to industry newcomers and existing operators alike.

“Dispensary ownership is a lucrative opportunity, but it comes with a considerable amount of challenges to navigate,” said Item 9 Labs Corp.’s CEO Andrew Bowden. “The combination of our brands are the solution.”

Unity Rd. shops are rolling out state-by-state, community-by-community, and keeping dispensary ownership in the hands of local entrepreneurs nationwide. The franchise opportunity provides a viable opportunity for industry newcomers and small, locally owned and operated dispensaries to compliantly thrive, thanks to the robust backing and support of a national franchise. Unity Rd. offers direct access to the buying power, resources and supportive network normally reserved for multi-unit cannabis operators – empowering local, independents to confidently run their business.

“Unity Rd. offers one of the safest ways to enter the complex cannabis space with an experienced team guiding the path forward and supporting across all functions of the business,” Bowden added. “Franchising will propel the cannabis industry and keep business ownership in the hands of local owners.”

As the Unity Rd. franchise network expands nationally, the Company plans to bring Item 9 Labs products to the market through corporate development, acquisitions or partnerships with cultivation facilities in states where Unity Rd. franchise partners open cannabis retail shops. This strategic growth plan gives Unity Rd. operators front-of-the-line access to a reliable, award- winning product supply chain and offers the national product consistency that consumers have come to expect from franchises. This strategy also eases new market entry for Item 9 Labs products and creates unmatched market power across borders.

The Company encourages all interested investors to visit keepcannabislocal.com for a link to the Offering Circular and to learn how to invest in the offering. For more information on Item 9 Labs Corp. and its brands, visit item9labscorp.com. View the offering circular directly by clicking here.

For information about the Unity Rd. franchise opportunity, contact franchise@unityrd.com, call 720-923-5262 or visit unityrd.com.

About Item 9 Labs Corp.
Item 9 Labs Corp. (OTCQX: INLB) is a vertically integrated cannabis operator and dispensary franchisor delivering premium products from its large-scale cultivation and production facilities in the United States. The award-winning Item 9 Labs brand specializes in best-in-class products and user experience across several cannabis categories. The company also offers a unique dispensary franchise model through the national Unity Rd. retail brand. Easing barriers to entry, the franchise provides an opportunity for both new and existing dispensary owners to leverage the knowledge, resources, and ongoing support needed to thrive in their state compliantly and successfully. Item 9 Labs brings the best industry practices to markets nationwide through distinctive retail experience, cultivation capabilities, and product innovation. The veteran management team combines a diverse skill set with deep experience in the cannabis sector, franchising, and the capital markets to lead a new generation of public cannabis companies that provide transparency, consistency, and well-being. Headquartered in Arizona, the company is currently expanding its operations space by 640,000+ square feet on its 50-acre site, one of the largest properties in Arizona zoned to grow and cultivate flower. For additional information, visit item9labscorp.com.

About Unity Rd.
Unity Rd. is bridging the two previously disconnected worlds of cannabis and franchising. The industry trailblazer is the first to bring the cannabis dispensary franchise model to the United States—with duality of prowess in both industries to back it up. Built up from a collective 200 years in the legal cannabis industry and franchising, the company helps eager operators enter the complex industry with ease. The marijuana franchise pioneer offers its partners the knowledge, resources, and ongoing support needed to compliantly and successfully operate a dispensary. Launched in 2018, Unity Rd. has signed multiple agreements with nearly 20 entrepreneurial groups across the country. Recently, it was named one of the top cannabis retail leaders in the nation by MJBizDaily magazine and one of the “Best Cannabis Companies to Work For” in both the dispensary and cultivation categories in Cannabis Business Times’ elite 2020 list. The company is also the first cannabis business to earn a Franchise Times Dealmakers award. For more information, visit unityrd.com.

Forward-Looking Statement:
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, including, but not limited to, risks and effects of legal and administrative proceedings and governmental regulation, especially in a foreign country, future financial and operational results, competition, general economic conditions, proposed transactions that are not legally binding obligations of the company and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include the introduction of new technology, market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

* https://mjbizdaily.com/new-marijuana-business-factbook-projects-nearly-45-billion-us-market- by-2025/

Media Contact:
Item 9 Labs Corp.
Jayne Levy, VP of Communications
Email: Jayne@item9labs.com

Investor Contact:
Item 9 Labs Corp.
Phone: 800-403-1140
Email: investors@item9labscorp.com

SOURCE Item 9 Labs Corp.

Item 9 Labs Corp. Launches Reg A+ Public Offering & Keep Cannabis Local Campaign

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Item 9 Labs Corp. Launches Reg A+ Public Offering & Keep Cannabis Local Campaign

Research, News, and Market Data on Item 9 Labs

 

Investors Now Have a Chance to Invest in the First Vertically Integrated U.S. Cannabis Franchise

PHOENIX, March 9, 2022 /PRNewswire/ — Item 9 Labs Corp. (OTCQX: INLB)–a vertically integrated cannabis dispensary franchisor and operator that produces premium, award-winning products–announced today the launch of its global, streamlined Regulation A, Tier 2 public offering for unaccredited and accredited investors. Now anyone can become a shareholder in Item 9 Labs Corp., which includes the national dispensary franchise, Unity Rd. and premium, award-winning cannabis brand Item 9 Labs. The Company is offering 28 million Units Each Comprised of One Share and One-Half of One Warrant. Upon the exercise of all warrants, the offering has maximum proceeds of $67.2 million.

With new states continuing to legalize cannabis, the industry is on track to explode – projecting $45 billion in revenue by 2025, a 50 percent increase from 2021*. As large players increasingly dominate the space, the business landscape will become even more challenging for new and independent entrepreneurs. The complexities of operating a cannabis business make it difficult for small, independent dispensaries to understand and stay on top of all the varying regulations and everyday challenges of managing and operating a compliant and successful dispensary.

The Company’s offering is set to accelerate the solution. Promoted under its “Keep Cannabis Local” campaign, this funding round offers the opportunity to invest in cannabis entrepreneurship, keeping the door to cannabis ownership open to industry newcomers and existing operators alike.

“Dispensary ownership is a lucrative opportunity, but it comes with a considerable amount of challenges to navigate,” said Item 9 Labs Corp.’s CEO Andrew Bowden. “The combination of our brands are the solution.”

Unity Rd. shops are rolling out state-by-state, community-by-community, and keeping dispensary ownership in the hands of local entrepreneurs nationwide. The franchise opportunity provides a viable opportunity for industry newcomers and small, locally owned and operated dispensaries to compliantly thrive, thanks to the robust backing and support of a national franchise. Unity Rd. offers direct access to the buying power, resources and supportive network normally reserved for multi-unit cannabis operators – empowering local, independents to confidently run their business.

“Unity Rd. offers one of the safest ways to enter the complex cannabis space with an experienced team guiding the path forward and supporting across all functions of the business,” Bowden added. “Franchising will propel the cannabis industry and keep business ownership in the hands of local owners.”

As the Unity Rd. franchise network expands nationally, the Company plans to bring Item 9 Labs products to the market through corporate development, acquisitions or partnerships with cultivation facilities in states where Unity Rd. franchise partners open cannabis retail shops. This strategic growth plan gives Unity Rd. operators front-of-the-line access to a reliable, award- winning product supply chain and offers the national product consistency that consumers have come to expect from franchises. This strategy also eases new market entry for Item 9 Labs products and creates unmatched market power across borders.

The Company encourages all interested investors to visit keepcannabislocal.com for a link to the Offering Circular and to learn how to invest in the offering. For more information on Item 9 Labs Corp. and its brands, visit item9labscorp.com. View the offering circular directly by clicking here.

For information about the Unity Rd. franchise opportunity, contact franchise@unityrd.com, call 720-923-5262 or visit unityrd.com.

About Item 9 Labs Corp.
Item 9 Labs Corp. (OTCQX: INLB) is a vertically integrated cannabis operator and dispensary franchisor delivering premium products from its large-scale cultivation and production facilities in the United States. The award-winning Item 9 Labs brand specializes in best-in-class products and user experience across several cannabis categories. The company also offers a unique dispensary franchise model through the national Unity Rd. retail brand. Easing barriers to entry, the franchise provides an opportunity for both new and existing dispensary owners to leverage the knowledge, resources, and ongoing support needed to thrive in their state compliantly and successfully. Item 9 Labs brings the best industry practices to markets nationwide through distinctive retail experience, cultivation capabilities, and product innovation. The veteran management team combines a diverse skill set with deep experience in the cannabis sector, franchising, and the capital markets to lead a new generation of public cannabis companies that provide transparency, consistency, and well-being. Headquartered in Arizona, the company is currently expanding its operations space by 640,000+ square feet on its 50-acre site, one of the largest properties in Arizona zoned to grow and cultivate flower. For additional information, visit item9labscorp.com.

About Unity Rd.
Unity Rd. is bridging the two previously disconnected worlds of cannabis and franchising. The industry trailblazer is the first to bring the cannabis dispensary franchise model to the United States—with duality of prowess in both industries to back it up. Built up from a collective 200 years in the legal cannabis industry and franchising, the company helps eager operators enter the complex industry with ease. The marijuana franchise pioneer offers its partners the knowledge, resources, and ongoing support needed to compliantly and successfully operate a dispensary. Launched in 2018, Unity Rd. has signed multiple agreements with nearly 20 entrepreneurial groups across the country. Recently, it was named one of the top cannabis retail leaders in the nation by MJBizDaily magazine and one of the “Best Cannabis Companies to Work For” in both the dispensary and cultivation categories in Cannabis Business Times’ elite 2020 list. The company is also the first cannabis business to earn a Franchise Times Dealmakers award. For more information, visit unityrd.com.

Forward-Looking Statement:
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, including, but not limited to, risks and effects of legal and administrative proceedings and governmental regulation, especially in a foreign country, future financial and operational results, competition, general economic conditions, proposed transactions that are not legally binding obligations of the company and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include the introduction of new technology, market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

* https://mjbizdaily.com/new-marijuana-business-factbook-projects-nearly-45-billion-us-market- by-2025/

Media Contact:
Item 9 Labs Corp.
Jayne Levy, VP of Communications
Email: Jayne@item9labs.com

Investor Contact:
Item 9 Labs Corp.
Phone: 800-403-1140
Email: investors@item9labscorp.com

SOURCE Item 9 Labs Corp.

RCI Hospitality (RICK) – Now Accepting Bitcoin Raises Dividend

Posted on by Admin

Friday, March 04, 2022

RCI Hospitality (RICK)
Now Accepting Bitcoin; Raises Dividend

RCI Hospitality Holdings, Inc. through its subsidiaries owns and operates establishments that offer live adult entertainment, restaurant, and/or bar operations. The company also owns and operates a communication company serving the adult nightclubs industry. RCI’s operating business segments includes Nightclubs and Bombshells restaurants and bars. It operates nightclubs through the following brands: Rick’s Cabaret, Vivid Cabaret, Tootsie’s Cabaret, Club Onyx, and Jaguars Club. In the restaurants segment, the company is building a chain of Bombshells Restaurants and Sports Bars in Dallas, Austin, and Houston, Texas.

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

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

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

    Pay By Bitcoin. Earlier this week, RCI announced its Tootsie’s Cabaret and Scarlett’s Cabaret Miami locations will be the first of RCI’s subsidiaries to accept Bitcoin as payment. Guests can now pay using Bitcoin wallet apps on their mobile phones. The Bitcoin will be converted into fiat cash. We believe the move provides even greater opportunity not only for payment options but possibly to attract more of the crypto crowd to the locations. Depending on the experience, we would anticipate other locations to begin accepting Bitcoin in the future.

    In Time For Bitcoin 2022.  The announcement comes just before Bitcoin 2022, the world’s largest gathering of “bitcoiners,” with over 35,000 attendees in 2021. Bitcoin 2022 is being held April 6-9 in Miami, an easy drive to the Tootsie’s and Scarlett’s locations …



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 – Item 9 Labs Corp. Closes Acquisition of Adams County Colorado Dispensary

Posted on by Admin



Item 9 Labs Corp. Closes Acquisition of Adams County, Colorado Dispensary

Research, News, and Market Data on Item 9 Labs

Franchisor of Cannabis Dispensary, Unity Rd. Seeks to Keep Dispensary Ownership Local by Providing Turnkey Investment Opportunities for New and Existing Franchise Partners

DENVER , March 4, 2022 /PRNewswire/ — Item 9 Labs Corp. (OTCQX: INLB) (the “Company”) — a vertically integrated cannabis dispensary franchisor and operator that produces premium, award-winning products — announced today that it has closed its acquisition of an existing dispensary license and storefront in Adams County, Colorado.

Located at 6101 N. Washington St. in Denver, this will be the first corporate-owned shop under the Unity Rd. brand. The Company expects the shop to be operational in the first half of 2022.

Acquisition Marks First in Company’s National Growth Accelerator

This acquisition is part of an overarching strategy to accelerate national development by creating turnkey investment opportunities for Unity Rd. franchise partners. Item 9 Labs Corp. plans to aggressively expand its dispensary franchise by acquiring and converting cannabis retail stores, training the local team and selling the business to new and existing franchise partners.

“Entrepreneurs are flocking to cannabis, eager to grab a piece of the $25 billion a year market, but soon find that opening a cannabis business is most often a lengthy, complex process,” said Item 9 Labs Corp.’s Chief Executive Officer, Andrew Bowden. “This development strategy offers one of the most turn-key entrances into cannabis. With our team handling the acquisition, conversion and training internally, we expect our national Unity Rd. footprint to expand much more quickly.”

As part of these development efforts, the Company is seeking acquisitions of cannabis dispensaries in Denver, front range and compelling mountain towns throughout Colorado, and key markets in Arizona, Michigan and Oklahoma.

“Unity Rd. is the growth vehicle that will bring our award-winning, premium Item 9 Labs products to new states,” added the Company’s Chief Strategy Officer, Jeffrey Rassas. “We are also seeking opportunities to acquire, develop or partner with cultivation and production facilities in markets where we have two to three Unity Rd. shops to ease new market product entry and focus our operations.”

Bringing Item 9 Labs products to markets where Unity Rd. shops are located gives franchise partners front-of-the-line access to a reliable, award-winning product supply chain. The cannabis retail shop also benefits from the national product consistency that consumers have come to expect from franchise brands.

More Information on Item 9 Labs Corp. and Unity Rd.:
Visit https://investors.item9labscorp.com/

Cannabis Operators Interested in Selling Their Dispensary License:
Contact Mark Busch at acquisitions@item9labs.com

Turnkey Business Opportunity Keeps Dispensary Ownership Local

Through its Unity Rd. dispensary franchise, the Company is focused on building a national community of local dispensary owners who operate compliantly and confidently because of the tools, products, systems and training their team provides.

“With Unity Rd., we are keeping dispensary ownership local and thriving with the backing of a franchise system,” Rassas added. “This growth plan ultimately keeps dispensary ownership in the hands of the local entrepreneur. They hire local talent and keep the wealth cannabis offers within their community.”

Unity Rd. offers a guided route for cannabis entrepreneurs interested in staking their claim in an industry that is bursting with potential. The dispensary franchisor’s time-tested Standard Operating Procedures (“SOPs”) and veteran team with a combined 120-plus years of cannabis experience, direct franchise partners through every operational function of the business – from securing a license to assisting with cash flow, product selection or changing regulations.

The marijuana franchise is actively seeking qualified franchise partners throughout Colorado and the U.S. who would benefit from the systems, processes and ongoing support the franchise offers. Currently, Unity Rd. has multiple agreements signed with nearly 20 entrepreneurial groups who are in various stages of development nationwide.

More Information About the Unity Rd. Franchise Opportunity:
Contact franchise@unityrd.com, Call 720-923-5262 or Visit unityrd.com

About Item 9 Labs Corp.
Item 9 Labs Corp. (OTCQX: INLB) is a vertically integrated cannabis operator and dispensary franchisor delivering premium products from its large-scale cultivation and production facilities in the United States. The award-winning Item 9 Labs brand specializes in best-in-class products and user experience across several cannabis categories. The company also offers a unique dispensary franchise model through the national Unity Rd. retail brand. Easing barriers to entry, the franchise provides an opportunity for both new and existing dispensary owners to leverage the knowledge, resources, and ongoing support needed to thrive in their state compliantly and successfully. Item 9 Labs brings the best industry practices to markets nationwide through distinctive retail experience, cultivation capabilities, and product innovation. The veteran management team combines a diverse skill set with deep experience in the cannabis sector, franchising, and the capital markets to lead a new generation of public cannabis companies that provide transparency, consistency, and well-being. Headquartered in Arizona, the company is currently expanding its operations space by 640,000+ square feet on its 50-acre site, one of the largest properties in Arizona zoned to grow and cultivate flower. For additional information, visit https://investors.item9labscorp.com/.

About Unity Rd.
Unity Rd. is bridging the two previously disconnected worlds of cannabis and franchising. The industry trailblazer is the first to bring the cannabis dispensary franchise model to the United States—with duality of prowess in both industries to back it up. Built up from a collective 200 years in the legal cannabis industry and franchising, the company helps eager operators enter the complex industry with ease. The marijuana franchise pioneer offers its partners the knowledge, resources, and ongoing support needed to compliantly and successfully operate a dispensary. Launched in 2018, Unity Rd. has signed multiple agreements with nearly 20 entrepreneurial groups across the country. Recently, it was named one of the top cannabis retail leaders in the nation by MJBizDaily magazine and one of the “Best Cannabis Companies to Work For” in both the dispensary and cultivation categories in Cannabis Business Times’ elite 2020 list. The company is also the first cannabis business to earn a Franchise Times Dealmakers award. For more information, visit unityrd.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, including, but not limited to, risks and effects of legal and administrative proceedings and governmental regulation, especially in a foreign country, future financial and operational results, competition, general economic conditions, proposed transactions that are not legally binding obligations of the company and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include the introduction of new technology, market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Media Contact:
Item 9 Labs Corp.
Jayne Levy, VP of Communications
Jayne@item9labs.com

Investor Contact:
Item 9 Labs Corp.
800-403-1140
investors@item9labs.com

SOURCE Item 9 Labs Corp.

Item 9 Labs Corp. Closes Acquisition of Adams County, Colorado Dispensary

Posted on by Admin



Item 9 Labs Corp. Closes Acquisition of Adams County, Colorado Dispensary

Research, News, and Market Data on Item 9 Labs

Franchisor of Cannabis Dispensary, Unity Rd. Seeks to Keep Dispensary Ownership Local by Providing Turnkey Investment Opportunities for New and Existing Franchise Partners

DENVER , March 4, 2022 /PRNewswire/ — Item 9 Labs Corp. (OTCQX: INLB) (the “Company”) — a vertically integrated cannabis dispensary franchisor and operator that produces premium, award-winning products — announced today that it has closed its acquisition of an existing dispensary license and storefront in Adams County, Colorado.

Located at 6101 N. Washington St. in Denver, this will be the first corporate-owned shop under the Unity Rd. brand. The Company expects the shop to be operational in the first half of 2022.

Acquisition Marks First in Company’s National Growth Accelerator

This acquisition is part of an overarching strategy to accelerate national development by creating turnkey investment opportunities for Unity Rd. franchise partners. Item 9 Labs Corp. plans to aggressively expand its dispensary franchise by acquiring and converting cannabis retail stores, training the local team and selling the business to new and existing franchise partners.

“Entrepreneurs are flocking to cannabis, eager to grab a piece of the $25 billion a year market, but soon find that opening a cannabis business is most often a lengthy, complex process,” said Item 9 Labs Corp.’s Chief Executive Officer, Andrew Bowden. “This development strategy offers one of the most turn-key entrances into cannabis. With our team handling the acquisition, conversion and training internally, we expect our national Unity Rd. footprint to expand much more quickly.”

As part of these development efforts, the Company is seeking acquisitions of cannabis dispensaries in Denver, front range and compelling mountain towns throughout Colorado, and key markets in Arizona, Michigan and Oklahoma.

“Unity Rd. is the growth vehicle that will bring our award-winning, premium Item 9 Labs products to new states,” added the Company’s Chief Strategy Officer, Jeffrey Rassas. “We are also seeking opportunities to acquire, develop or partner with cultivation and production facilities in markets where we have two to three Unity Rd. shops to ease new market product entry and focus our operations.”

Bringing Item 9 Labs products to markets where Unity Rd. shops are located gives franchise partners front-of-the-line access to a reliable, award-winning product supply chain. The cannabis retail shop also benefits from the national product consistency that consumers have come to expect from franchise brands.

More Information on Item 9 Labs Corp. and Unity Rd.:
Visit https://investors.item9labscorp.com/

Cannabis Operators Interested in Selling Their Dispensary License:
Contact Mark Busch at acquisitions@item9labs.com

Turnkey Business Opportunity Keeps Dispensary Ownership Local

Through its Unity Rd. dispensary franchise, the Company is focused on building a national community of local dispensary owners who operate compliantly and confidently because of the tools, products, systems and training their team provides.

“With Unity Rd., we are keeping dispensary ownership local and thriving with the backing of a franchise system,” Rassas added. “This growth plan ultimately keeps dispensary ownership in the hands of the local entrepreneur. They hire local talent and keep the wealth cannabis offers within their community.”

Unity Rd. offers a guided route for cannabis entrepreneurs interested in staking their claim in an industry that is bursting with potential. The dispensary franchisor’s time-tested Standard Operating Procedures (“SOPs”) and veteran team with a combined 120-plus years of cannabis experience, direct franchise partners through every operational function of the business – from securing a license to assisting with cash flow, product selection or changing regulations.

The marijuana franchise is actively seeking qualified franchise partners throughout Colorado and the U.S. who would benefit from the systems, processes and ongoing support the franchise offers. Currently, Unity Rd. has multiple agreements signed with nearly 20 entrepreneurial groups who are in various stages of development nationwide.

More Information About the Unity Rd. Franchise Opportunity:
Contact franchise@unityrd.com, Call 720-923-5262 or Visit unityrd.com

About Item 9 Labs Corp.
Item 9 Labs Corp. (OTCQX: INLB) is a vertically integrated cannabis operator and dispensary franchisor delivering premium products from its large-scale cultivation and production facilities in the United States. The award-winning Item 9 Labs brand specializes in best-in-class products and user experience across several cannabis categories. The company also offers a unique dispensary franchise model through the national Unity Rd. retail brand. Easing barriers to entry, the franchise provides an opportunity for both new and existing dispensary owners to leverage the knowledge, resources, and ongoing support needed to thrive in their state compliantly and successfully. Item 9 Labs brings the best industry practices to markets nationwide through distinctive retail experience, cultivation capabilities, and product innovation. The veteran management team combines a diverse skill set with deep experience in the cannabis sector, franchising, and the capital markets to lead a new generation of public cannabis companies that provide transparency, consistency, and well-being. Headquartered in Arizona, the company is currently expanding its operations space by 640,000+ square feet on its 50-acre site, one of the largest properties in Arizona zoned to grow and cultivate flower. For additional information, visit https://investors.item9labscorp.com/.

About Unity Rd.
Unity Rd. is bridging the two previously disconnected worlds of cannabis and franchising. The industry trailblazer is the first to bring the cannabis dispensary franchise model to the United States—with duality of prowess in both industries to back it up. Built up from a collective 200 years in the legal cannabis industry and franchising, the company helps eager operators enter the complex industry with ease. The marijuana franchise pioneer offers its partners the knowledge, resources, and ongoing support needed to compliantly and successfully operate a dispensary. Launched in 2018, Unity Rd. has signed multiple agreements with nearly 20 entrepreneurial groups across the country. Recently, it was named one of the top cannabis retail leaders in the nation by MJBizDaily magazine and one of the “Best Cannabis Companies to Work For” in both the dispensary and cultivation categories in Cannabis Business Times’ elite 2020 list. The company is also the first cannabis business to earn a Franchise Times Dealmakers award. For more information, visit unityrd.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, including, but not limited to, risks and effects of legal and administrative proceedings and governmental regulation, especially in a foreign country, future financial and operational results, competition, general economic conditions, proposed transactions that are not legally binding obligations of the company and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include the introduction of new technology, market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Media Contact:
Item 9 Labs Corp.
Jayne Levy, VP of Communications
Jayne@item9labs.com

Investor Contact:
Item 9 Labs Corp.
800-403-1140
investors@item9labs.com

SOURCE Item 9 Labs Corp.

RCI Hospitality (RICK) – Now Accepting Bitcoin; Raises Dividend

Posted on by Admin

Friday, March 04, 2022

RCI Hospitality (RICK)
Now Accepting Bitcoin; Raises Dividend

RCI Hospitality Holdings, Inc. through its subsidiaries owns and operates establishments that offer live adult entertainment, restaurant, and/or bar operations. The company also owns and operates a communication company serving the adult nightclubs industry. RCI’s operating business segments includes Nightclubs and Bombshells restaurants and bars. It operates nightclubs through the following brands: Rick’s Cabaret, Vivid Cabaret, Tootsie’s Cabaret, Club Onyx, and Jaguars Club. In the restaurants segment, the company is building a chain of Bombshells Restaurants and Sports Bars in Dallas, Austin, and Houston, Texas.

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

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

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

    Pay By Bitcoin. Earlier this week, RCI announced its Tootsie’s Cabaret and Scarlett’s Cabaret Miami locations will be the first of RCI’s subsidiaries to accept Bitcoin as payment. Guests can now pay using Bitcoin wallet apps on their mobile phones. The Bitcoin will be converted into fiat cash. We believe the move provides even greater opportunity not only for payment options but possibly to attract more of the crypto crowd to the locations. Depending on the experience, we would anticipate other locations to begin accepting Bitcoin in the future.

    In Time For Bitcoin 2022.  The announcement comes just before Bitcoin 2022, the world’s largest gathering of “bitcoiners,” with over 35,000 attendees in 2021. Bitcoin 2022 is being held April 6-9 in Miami, an easy drive to the Tootsie’s and Scarlett’s locations …



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. 

eSports Entertainment Group Inc. (GMBL) – Cash Influx Brings Breathing Room

Posted on by Admin

Wednesday, March 02, 2022

eSports Entertainment Group, Inc. (GMBL)
Cash Influx Brings Breathing Room

Esports Entertainment Group Inc is a development-stage online gambling company focused purely on esports. The company’s principal business operations include design, develop and test wagering systems.

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

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

    Completes capital raise. The company completed a secondary offering of 15 million shares at $1 and 15 million warrants, convertible into common stock at $1 per share. We estimate that the net proceeds from the offering is $13.8 million.

    Brings financial flexibility.  We believe that the capital infusion will breathe life into the company’s growth strategy, potentially enough capital until the company swings toward positive cash flow in 2023, based on the current burn rate of $1.3 million per month. We are maintaining our fundamental analysis of 1, the lowest rating, until there is better visibility on the company’s swing toward …



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.