Category: Retail and Consumer

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

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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. 

Release – Item 9 Labs Corp Strengthens Board of Directors with Appointment of Massage Heights Founder

Posted on by Admin



Item 9 Labs Corp. Strengthens Board of Directors with Appointment of Massage Heights Founder

Research, News, and Market Data on Item 9 Labs

 

Leading Cannabis Dispensary Franchisor Names Shane Evans to Board; Adds 20-Plus Years of Franchise and Wellness Industry Experience

PHOENIX , March 2, 2022 /PRNewswire/ — Item 9 Labs Corp. (OTCQX: INLB) (the “Company”) – the first true vertically integrated cannabis dispensary franchisor and operator that produces premium, award-winning products – announced today that Shane Evans, founder of Massage Heights, has been appointed to its Board of Directors.

“Adding Shane to our Board of Directors brings an invaluable level of experience in the wellness and franchise industries to both our Item 9 Labs and Unity Rd. brands,” says Andrew Bowden, CEO of Item 9 Labs Corp. “Her guidance will strengthen our position as the first national, vertically integrated U.S. cannabis franchisor and will be key as we grow the Unity Rd. franchise network.”

Currently, the Company’s cannabis dispensary franchise brand, Unity Rd., has a franchise partner-owned shop operating in Boulder, Colorado, as well as a shop with a Local Alliance Partner in Oklahoma City. Unity Rd. has signed agreements with nearly 20 entrepreneurial groups who are in various stages of development across Maine, Michigan, New Jersey, Virginia and more. With 20-plus podium finishes in Arizona marijuana competitions, Item 9 Labs is a trusted source for premium cannabis products. Starting with intentionally grown flower, the Item 9 Labs product catalog spans 100-plus products across five core categories, including several active cannabis strains, cannabis vape products, premium concentrates and Orion vape technology.

The Company plans to expand Item 9 Labs products alongside the Unity Rd. franchise network to offer franchise partners front-of-the-line access to a reliable, high-quality supply chain and consumers the national product consistency they have come to expect from franchises. To accelerate national growth, Item 9 Labs Corp. is actively seeking dispensary acquisitions in key markets nationwide. The Company plans to convert the cannabis retail stores into Unity Rd. shops, train the local team and sell the business to new and existing Unity Rd. franchise partners.

About Shane Evans

Evans has been heavily involved in the health and wellness sector for more than two decades. She co-founded Massage Heights in 2004 and began franchising the concept in 2005. Under her leadership, the spa franchise grew to more than 120 retreats throughout North America. Today, she continues to support Massage Heights as Vice Chairwoman on the Board of Directors.

“Shane’s success in franchising has been inspiring to watch,” said Item 9 Labs Corp.’s Chief Franchise Officer, Mike Weinberger, who has been in franchising for 20 years. “Her experience leading and developing a fast-growing franchise concept brings tremendous value to the development of our Unity Rd. franchise.”

Evans is also the Co-owner of several Massage Heights retail locations; Co-owner of the supply chain, Summit Franchise Supply, LLC; Co-owner of The Gents Place, an ultra-premium men’s grooming franchise brand; and is on the Board of Directors of the Massage Heights Family Fund, a 501c3 crisis fund for team members in need. She has also been a dedicated member of the Young Presidents Organization (YPO) alongside Bowden since 2015, serves on the International Franchise Association’s (IFA) Franchise Relations Committee and is an active member of the Franchisor Forum. Evans has been recognized as one of the franchise industry’s top female founders and has been featured in several national business media outlets as well as franchise trade publications.

“I have always been extremely passionate about being involved in organizations that are making a difference in their industry and communities alike,” shared Evans. “Item 9 Labs Corp. is bringing high-quality alternative medicine to those who need it, while also opening the door to cannabis entrepreneurship through the franchise model. I am looking forward to applying my experience to help further solidify the Company’s position as a leader in the space and continue paving its path of exponential growth.”

In January 2022, the Company added two additional independent directors, Eric C. Kutscher, Pharm. D., M.B.A., F.A.S.H.P., and Lawrence X. Taylor, who have a combined experience of 55 years across patient-centered healthcare, leadership, M&A and strategic planning. Their appointments alongside Evans strengthens Item 9 Labs Corp.’s leadership and positive momentum across cannabis and franchising.

For more information on Item 9 Labs Corp. and its brands, visit https://investors.item9labscorp.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.

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
Email: Jayne@item9labs.com

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

SOURCE Item 9 Labs Corp.

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. 

Item 9 Labs Corp. Strengthens Board of Directors with Appointment of Massage Heights Founder

Posted on by Admin



Item 9 Labs Corp. Strengthens Board of Directors with Appointment of Massage Heights Founder

Research, News, and Market Data on Item 9 Labs

 

Leading Cannabis Dispensary Franchisor Names Shane Evans to Board; Adds 20-Plus Years of Franchise and Wellness Industry Experience

PHOENIX , March 2, 2022 /PRNewswire/ — Item 9 Labs Corp. (OTCQX: INLB) (the “Company”) – the first true vertically integrated cannabis dispensary franchisor and operator that produces premium, award-winning products – announced today that Shane Evans, founder of Massage Heights, has been appointed to its Board of Directors.

“Adding Shane to our Board of Directors brings an invaluable level of experience in the wellness and franchise industries to both our Item 9 Labs and Unity Rd. brands,” says Andrew Bowden, CEO of Item 9 Labs Corp. “Her guidance will strengthen our position as the first national, vertically integrated U.S. cannabis franchisor and will be key as we grow the Unity Rd. franchise network.”

Currently, the Company’s cannabis dispensary franchise brand, Unity Rd., has a franchise partner-owned shop operating in Boulder, Colorado, as well as a shop with a Local Alliance Partner in Oklahoma City. Unity Rd. has signed agreements with nearly 20 entrepreneurial groups who are in various stages of development across Maine, Michigan, New Jersey, Virginia and more. With 20-plus podium finishes in Arizona marijuana competitions, Item 9 Labs is a trusted source for premium cannabis products. Starting with intentionally grown flower, the Item 9 Labs product catalog spans 100-plus products across five core categories, including several active cannabis strains, cannabis vape products, premium concentrates and Orion vape technology.

The Company plans to expand Item 9 Labs products alongside the Unity Rd. franchise network to offer franchise partners front-of-the-line access to a reliable, high-quality supply chain and consumers the national product consistency they have come to expect from franchises. To accelerate national growth, Item 9 Labs Corp. is actively seeking dispensary acquisitions in key markets nationwide. The Company plans to convert the cannabis retail stores into Unity Rd. shops, train the local team and sell the business to new and existing Unity Rd. franchise partners.

About Shane Evans

Evans has been heavily involved in the health and wellness sector for more than two decades. She co-founded Massage Heights in 2004 and began franchising the concept in 2005. Under her leadership, the spa franchise grew to more than 120 retreats throughout North America. Today, she continues to support Massage Heights as Vice Chairwoman on the Board of Directors.

“Shane’s success in franchising has been inspiring to watch,” said Item 9 Labs Corp.’s Chief Franchise Officer, Mike Weinberger, who has been in franchising for 20 years. “Her experience leading and developing a fast-growing franchise concept brings tremendous value to the development of our Unity Rd. franchise.”

Evans is also the Co-owner of several Massage Heights retail locations; Co-owner of the supply chain, Summit Franchise Supply, LLC; Co-owner of The Gents Place, an ultra-premium men’s grooming franchise brand; and is on the Board of Directors of the Massage Heights Family Fund, a 501c3 crisis fund for team members in need. She has also been a dedicated member of the Young Presidents Organization (YPO) alongside Bowden since 2015, serves on the International Franchise Association’s (IFA) Franchise Relations Committee and is an active member of the Franchisor Forum. Evans has been recognized as one of the franchise industry’s top female founders and has been featured in several national business media outlets as well as franchise trade publications.

“I have always been extremely passionate about being involved in organizations that are making a difference in their industry and communities alike,” shared Evans. “Item 9 Labs Corp. is bringing high-quality alternative medicine to those who need it, while also opening the door to cannabis entrepreneurship through the franchise model. I am looking forward to applying my experience to help further solidify the Company’s position as a leader in the space and continue paving its path of exponential growth.”

In January 2022, the Company added two additional independent directors, Eric C. Kutscher, Pharm. D., M.B.A., F.A.S.H.P., and Lawrence X. Taylor, who have a combined experience of 55 years across patient-centered healthcare, leadership, M&A and strategic planning. Their appointments alongside Evans strengthens Item 9 Labs Corp.’s leadership and positive momentum across cannabis and franchising.

For more information on Item 9 Labs Corp. and its brands, visit https://investors.item9labscorp.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.

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
Email: Jayne@item9labs.com

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

SOURCE Item 9 Labs Corp.

eSports Entertainment Group, Inc. (GMBL) – A Big Miss

Posted on by Admin

Wednesday, February 23, 2022

eSports Entertainment Group, Inc. (GMBL)
A Big Miss

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.

    Disappointing quarter. The company reported fiscal second quarter end Dec. 2021 net revenue of $14.5 million, which missed our mark by a significant 30%. Our Q2 revenue estimate was $20.8 million. Adj. EBITDA loss was $6.8 million, nearly double our loss estimate of $3.45 million.

    A convergence of negative factors.  The first quarter-over-quarter revenue decline in more than a year was attributable to the following: the company ceased iGaming operations in the Netherlands due to a challenging regulatory environment, European sportsbooks had extremely low hold, and the Omicron variant caused the company to delay the launch of LANDuel and the opening of a Helix esports center …



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. 

FAT Brands Inc. (FAT) – Press Reports Suggest CEO Wiederhorn Being Investigated

Posted on by Admin

Tuesday, February 22, 2022

FAT Brands Inc. (FAT)
Press Reports Suggest CEO Wiederhorn Being Investigated

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

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

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

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

    LA Times Article. Saturday, the L.A. Times published an article suggesting FAT Brands CEO Andrew Wiederhorn is being investigated for allegations of securities and wire fraud, money laundering, and attempted tax evasion. Deeper into the article, the newspaper notes that the “status of the investigation is unclear. No charges have been filed against any person or against FAT Brands…”.

    But FAT Brands Not Implicated.  A key takeaway from the article, in our opinion, is that the Company itself is not being investigated or implicated in any of the alleged wrongdoing at this time. CEO Wiederhorn’s attorneys are quoted as replying, “Mr. Wiederhorn categorically denies these allegations and at the appropriated time we will demonstrate that the government has its facts wrong.” …



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. 

Codere Online Luxemburg (CDRO) – Betting on Latin America

Posted on by Admin

Tuesday, February 22, 2022

Codere Online (CDRO)
Betting on Latin America

Codere Online Luxembourg SA is an operator in online gaming and online sports betting in Latin America. The company offers online casino through its website and mobile application.

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

Patrick McCann, Research Associate, Noble Capital Markets, Inc.

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

    Initiating. We are initiating coverage of Codere Online. Codere Online is an international online casino and sportsbook company that operates in both Europe and Latin America. We believe the company has compelling growth prospects in Latin America, which is an emerging online gambling market.

    Leveraging a strong brand.  Codere Online maintains a partnership with its parent company, Codere Group, an operator of casinos in Europe and Latin America for over 40 years. It has allowed Coder Online to quickly establish operations in Latin America, with the Codere Group providing in-person customer service, and customer data. Additionally, the partnership allows Codere Online to benefit from the …



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. 

Codere Online (CDRO) – Betting on Latin America

Posted on by Admin

Tuesday, February 22, 2022

Codere Online (CDRO)
Betting on Latin America

Codere Online Luxembourg SA is an operator in online gaming and online sports betting in Latin America. The company offers online casino through its website and mobile application.

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

Patrick McCann, Research Associate, Noble Capital Markets, Inc.

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

    Initiating. We are initiating coverage of Codere Online. Codere Online is an international online casino and sportsbook company that operates in both Europe and Latin America. We believe the company has compelling growth prospects in Latin America, which is an emerging online gambling market.

    Leveraging a strong brand.  Codere Online maintains a partnership with its parent company, Codere Group, an operator of casinos in Europe and Latin America for over 40 years. It has allowed Coder Online to quickly establish operations in Latin America, with the Codere Group providing in-person customer service, and customer data. Additionally, the partnership allows Codere Online to benefit from the …



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 – Schwazze Closes Acquisition Of Colorado Cultivation Grower Brow 2 LLC

Posted on by Admin



Schwazze Closes Acquisition Of Colorado Cultivation Grower Brow 2, LLC

Research, News, and Market Data on Schwazze

 

Additional Indoor Grow Acquisition Increases Cultivation Capacity
Company Continues to Execute Growth Strategy Through Acquisitions

DENVER, Feb. 16, 2022 /CNW/ – Schwazze, (OTCQX: SHWZ) (“Schwazze” or the “Company”), announced today that it has closed the transaction to acquire the assets of Brow 2, LLC, located in Denver, Colorado.  The planned transaction includes a 37,000 square foot building and equipment designed for indoor cultivation. This transaction continues Schwazze’s aggressive expansion in Colorado and will enhance the Company’s cultivation capabilities, providing product directly to its dispensaries.  The consideration for the acquisition was $6.7 million and was paid in cash at closing.

“This is another step in building operational depth and capabilities in Colorado for Schwazze.  This acquisition will add a talented team of growers, high-quality indoor flower cultivation capacity, new strain genetics, and another profitable asset to our platform. The new facility will supply our growing network of dispensaries and customers with a broad assortment of high-quality indoor flower,” said Justin Dye, Schwazze’s CEO. 

Corporate Update
Late in 2021, Schwazze announced a transformational $95 million raise with institutional investors and individuals, allowing the Company to expedite its aggressive expansion plans and become a regional MSO with operations in Colorado and New Mexico.  The Company’s differentiated strategy is to build a leadership position in retail and operational depth within its operating areas.

Since December 2021, Schwazze has completed five acquisitions adding a total of 15 cannabis dispensaries, including Smoking Gun (December 2021); Drift (February 2022); Emerald Fields (February 2022); and the ten Greenleaf New Mexico dispensaries (February 2022). See Figure #1, outlining Schwazze’s dispensary assets.

Since July 2021, the Company has acquired a total of six cultivation facilities, two in Colorado including, SCG Holding LLC (July 2021); and Brow 2 LLC (February 2022) – and four licensed in New Mexico (February 2022).  The Greenleaf New Mexico acquisition also added a manufacturing asset, Elemental Kitchen & Laboratories, LLC to the Company’s Purplebee’s manufacturing plant in Colorado.

The Company continues to evaluate merger and acquisition transactions that meet our strategic screening criteria. 

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.

Figure #1

Figure #1 (CNW Group/Schwazze)

Forward-Looking Statements
This press release contains “forward-looking statements.” Such statements may be preceded by the words “plan,” “will,” “may,”, “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 and realize synergies therefrom, (ix) the ongoing COVID-19 pandemic, * the timing and extent of governmental stimulus programs, (xi) the uncertainty in the application of federal, state and local laws to our business, and any changes in such laws, and * out ability to satisfy the closing conditions for the private finding described in this press release. 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 Closes Acquisition Of Colorado Cultivation Grower Brow 2, LLC

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Schwazze Closes Acquisition Of Colorado Cultivation Grower Brow 2, LLC

Research, News, and Market Data on Schwazze

 

Additional Indoor Grow Acquisition Increases Cultivation Capacity
Company Continues to Execute Growth Strategy Through Acquisitions

DENVER, Feb. 16, 2022 /CNW/ – Schwazze, (OTCQX: SHWZ) (“Schwazze” or the “Company”), announced today that it has closed the transaction to acquire the assets of Brow 2, LLC, located in Denver, Colorado.  The planned transaction includes a 37,000 square foot building and equipment designed for indoor cultivation. This transaction continues Schwazze’s aggressive expansion in Colorado and will enhance the Company’s cultivation capabilities, providing product directly to its dispensaries.  The consideration for the acquisition was $6.7 million and was paid in cash at closing.

“This is another step in building operational depth and capabilities in Colorado for Schwazze.  This acquisition will add a talented team of growers, high-quality indoor flower cultivation capacity, new strain genetics, and another profitable asset to our platform. The new facility will supply our growing network of dispensaries and customers with a broad assortment of high-quality indoor flower,” said Justin Dye, Schwazze’s CEO. 

Corporate Update
Late in 2021, Schwazze announced a transformational $95 million raise with institutional investors and individuals, allowing the Company to expedite its aggressive expansion plans and become a regional MSO with operations in Colorado and New Mexico.  The Company’s differentiated strategy is to build a leadership position in retail and operational depth within its operating areas.

Since December 2021, Schwazze has completed five acquisitions adding a total of 15 cannabis dispensaries, including Smoking Gun (December 2021); Drift (February 2022); Emerald Fields (February 2022); and the ten Greenleaf New Mexico dispensaries (February 2022). See Figure #1, outlining Schwazze’s dispensary assets.

Since July 2021, the Company has acquired a total of six cultivation facilities, two in Colorado including, SCG Holding LLC (July 2021); and Brow 2 LLC (February 2022) – and four licensed in New Mexico (February 2022).  The Greenleaf New Mexico acquisition also added a manufacturing asset, Elemental Kitchen & Laboratories, LLC to the Company’s Purplebee’s manufacturing plant in Colorado.

The Company continues to evaluate merger and acquisition transactions that meet our strategic screening criteria. 

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.

Figure #1

Figure #1 (CNW Group/Schwazze)

Forward-Looking Statements
This press release contains “forward-looking statements.” Such statements may be preceded by the words “plan,” “will,” “may,”, “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 and realize synergies therefrom, (ix) the ongoing COVID-19 pandemic, * the timing and extent of governmental stimulus programs, (xi) the uncertainty in the application of federal, state and local laws to our business, and any changes in such laws, and * out ability to satisfy the closing conditions for the private finding described in this press release. 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

Bowlero (BOWL) – A Combination Of Growth And Roll-up That Hits The Mark

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Wednesday, February 16, 2022

Bowlero (BOWL)
A Combination Of Growth And Roll-up That Hits The Mark

Bowlero Corp. is the worldwide leader in bowling entertainment. With more than 300 bowling centers across North America, Bowlero Corp. serves more than 26 million guests each year through a family of brands that includes Bowlero, Bowlmor Lanes, and AMF. Bowlero Corp. is also home to the Professional Bowlers Association, which it acquired in 2019 and which boasts thousands of members and millions of fans across the globe. For more information on Bowlero Corp., please visit BowleroCorp.com.

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

Patrick McCann, Research Associate, Noble Capital Markets, Inc.

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

    Initiating. We are initiating coverage of Bowlero, the largest bowling operator and the owner of the Professional Bowlers Association (PBA). We believe that the BOWL shares trade at a substantial discount to other entertainment oriented companies. In our view, Bowlero appears to have a better growth profile than many of its peers.

    A growth oriented business that generates significant cash flow.  Bowling has enjoyed a renaissance since 2010 with same store revenue growth and with high margins, save 2020 due to the pandemic. The company recently reported strong revenue growth that is above pre-Covid levels, which implies that the industry has recovered and is on a favorable growth trajectory …



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.