| Piedmont Lithium Reports June 2019 Quarter Highlights |
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Piedmont Lithium (NASDAQ: PLL) reported its June 2019 quarter highlights last week. The developer of a domestic lithium project located within the Carolina Tin-Spodumene Belt (“TSB”) and along trend to the Hallman Beam and Kings Mountain mines, which historically provided most of the western world’s lithium between the 1950s and the 1980s, Piedmont achieved multiple milestones in the most recently reported quarter. Highlights during and subsequent to the quarter include:
• Increased total mineral resource by 72% to 27.9 million tonnes
• Completed PFS-level metallurgical test work demonstrating high quality spodumene concentrate product with a grade above 6.0% Li2O
• Continued the 25,000-meter Phase 4 drill program, where a total of 94 holes have been completed to date for a total of 15,738 meters
• Substantially completed engineering for the planned Scoping Study update to integrate updated Mineral Resources, latest metallurgical testwork, flowsheet optimization and updated costs
• Continued numerous preliminary off-take, financing and strategic conversations, including companies from the lithium, mining, chemicals, battery, automotive and private equity sectors
• Completed institutional placement (subsequent to quarter end) of 145 million shares (ASX); raised gross proceeds of $14.2 million
What’s Next: Moving forward, Piedmont plans to complete an updated scoping study based on its current mineral resources and latest metallurgical testwork. In addition, the company plans to complete its permit applications and secure the necessary approvals to commence mining and processing operations, as well as advance the company’s proposed lithium hydroxide chemical plant.
Disclosure
Piedmont Lithium (NASDAQ: PLL) is a client of RedChip Companies, Inc. PLL agreed to pay RedChip Companies, Inc. a monthly cash fee for six (6) months of RedChip investor awareness services
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| Nemaura Medical (NASDAQ: NMRD) Secures $8M Senior Debt Facility from Existing Shareholders |
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Nemaura Medical (NASDAQ: NMRD), a medical technology company focused on the commercialization of SugarBEAT® as a non-invasive, affordable and flexible Continuous Glucose Monitor (CGM) for use by diabetics and pre-diabetics, announced an $8 million (USD) senior credit facility from existing major shareholders, with the first $3.5 million available immediately, to help fund the Company’s European commercial launch plans.
Why It Matters: The non-dilutive credit facility will carry 8% interest with quarterly payments and the principal due only upon maturity in 5 years. The credit facility has no stock, warrants, or equity related instruments, or other associated expenses.
Key Quote: “Nemaura is at an exciting inflection point, having recently received CE Mark approval for SugarBEAT®, the world’s first non-invasive, needle-free, continuous glucose monitor. We recently submitted a De Novo 510(k) medical device application to the U.S. Food and Drug Administration for SugarBEAT®. We are now aggressively entering the commercialization phase in Europe and other markets, and access to these non-dilutive funds will allow us to accelerate our commercialization timelines.” – Dr. Faz Chowdhury, CEO
Disclosure
Nemaura Medical (NASDAQ: NMRD) is a client of RedChip Companies. NMRD agreed to pay RedChip a monthly cash fee for investor awareness services.
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| cbdMD (NYSE American: YCBD) Athletes Take Home Six Medals at 2019 X Games |
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cbdMD (NYSE American: YCBD), a nationally recognized consumer cannabidiol (CBD) brand, announced that four Team cbdMD athletes took home six medals at the 2019 X Games in Minneapolis. The competition, now in its 19th year, took place from August 1-4.
Why It Matters: While CBD is now legal for sale in all 50 states, marketing of the product remains challenging across a variety of platforms. cbdMD has taken an innovative approach to this challenge by targeting high-profile athletic sponsorships that reach its targeted customer base. In addition to sponsorships of leading athletes in the X Games, cbdMD has targeted other well-known athletes across a variety of sports, from mixed martial arts to professional golfing. Based on revenue growth, which hit a $20M+ revenue run rate in the most recent quarter, the strategy is working quite well.
Background: cbdMD products are now on the shelves of more than 2,100 retailers in the US. The company reported $5.7 million in net sales for the quarter ended March 31, 2019, up 84% year-over-year and up 55% sequentially from the December 31 quarter.
Disclosure
cbdMD (NYSE American: YCBD) is a client of RedChip Companies. YCBD agreed to pay RedChip a monthly cash fee of between $5,000 and $15,000, and 5,000 shares of Rule 144 stock for RedChip investor awareness services. Additionally, the CEO of RedChip Companies owns 13,500 shares of YCBD.
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| Chemesis International to Acquire Controlling Interest in GSRX Industries (OTCQB: GSRX) |
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Chemesis International (OTC: CADMF) announced that it has entered a binding share exchange agreement with certain shareholders of GSRX Industries (OTCQB: GSRX) which allows the company to acquire an aggregate of 42.6 million common shares and 1,000 preferred shares of GSRX.
The Background: Together with the GSRX common shares already held by Chemesis, completion of the Acquisition will result in Chemesis holding an aggregate of 54,301,122 common shares and 1,000 preferred shares of GSRX. The preferred shares carry, in aggregate, 51% of all outstanding share voting rights of GSRX. Accordingly, upon completion of the Acquisition, the Company will hold an aggregate 66.29% of all outstanding share voting rights.
Upon acquiring a controlling interest in GSRX pursuant to the Acquisition, Chemesis will effectively be a fully vertically-integrated, multi-state operator with assets in six states which includes California, Tennessee, Arizona, Michigan, Texas, and Puerto Rico, with significantly-enhanced consolidated gross revenue projections, estimated to be approximately $75,000,000 USD for the 2020 calendar year (on a fully consolidated basis).
Key Quote: “GSRX has built an incredibly strong portfolio of retail and manufacturing assets and the company is realizing growth in all aspects of its operations. The Company is incredibly excited about this acquisition and believes it will be highly accretive in terms of the potential to realize efficiencies and complement the strengths of each company’s respective business lines.” – Edgar Montero, CEO of Chemesis
Disclosure
GSRX Industries (OTCQB: GSRX) is a client of RedChip Companies. RedChip Companies, Inc. received 1,000,000 registered shares of GSRX for consulting services. Be advised RedChip intends to sell some or all of its shares at any time, including when you are buying.
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| Digital Ally (NASDAQ: DGLY) Teams Up with KMC Brands to Develop Quality Control Systems for Hemp Farmers |
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Digital Ally (NASDAQ: DGLY), which develops, manufactures and markets advanced digital technology products for law enforcement, homeland security and commercial security applications, today announced a new partnership with Desoto, KS-based KMC Brands. The two companies have agreed to a five-year exploratory venture to develop a validation program that ensures that all of the industrial hemp grown and processed by America’s Hemp Academy is certified and traceable from start to finish.
Why It Matters: Working together, the companies are launching a program that can validate and document the entire process of hemp farming, processing and distribution. Digital Ally’s technology will make it possible for KMC Brands to track the hemp production process from the farmer who plants the seed, to the processor that makes the oils and by-products to the retailer or distribution channel. The end consumers will thus know exactly where their hemp-based product was grown and be able to trace the production process. Whether it is a consumable, a textile or health and wellness product, the companies will produce a traceable video to validate its authenticity and they believe this will assist the growth of the hemp farming industry in the state of Kansas.
Key Quote: “We are pleased to bring our cutting-edge technology to Kansas farmers and their educators, and hopefully eventually to farmers all across America. We’re excited about the continued diversification of our video solutions partnerships, especially between Law Enforcement, Fleets, all areas of Situational Event security, and now KMC and America’s Hemp Academy.” – Stan Ross, CEO
Disclosure
Digital Ally, Inc. (NASDAQ: DGLY) is a client of RedChip Companies, Inc. DGLY agreed to pay RedChip Companies, Inc., a monthly cash fee for four (4) months of RedChip investor awareness services.
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| Meso Numismatics (OTC: MSSV) Provides Insights into Green Pay Acquisition |
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Meso Numismatics (OTC: MSSV), a technology and numismatic company specializing in the Meso Region, including Central America and the Caribbean, provided a shareholder update related to its potential acquisition of the majority interests of San Jose, Costa Rica based Green Pay (a division of Arkksoft S.A.).
Why It Matters: Green Pay is a Payment processing platform, which utilizes a blockchain component. Green Pay currently:
• Hosts 110 independent stores located around Central America;
• Processes roughly $2.5M in monthly transactions among all of its users;
• Executes approximately 500,000 transactions per month;
• Has about 400,000 monthly active users; and
• Has approximately 650,000 registered credit cards representing multiple payment institutions around Central America.
Key Quote: “Should we successfully close with Green Pay – this blockchain component payment processing platform will become a majority owned subsidiary of Meso Numismatics. Moreover, the payment processing unit would be incorporated into the Meso Numismatics platform for use with our app and other online transactions.” – Melvin Pereira, President
Disclosure
Meso Numismatics (OTC: MSSV) is a client of RedChip Companies, Inc. MSSV agreed to pay RedChip Companies, Inc. a monthly cash fee for RedChip investor awareness services and consulting services.
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| Quote of the Week |
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"Do your homework, understand companies you invest in forwards and backwards."
- Charles Diker, Diker Management-Microcap Superstar |
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| About RedChip |
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| RedChip Companies, an Inc. 5000 company, is an international investor relations, media, and research firm focused on small-cap and mid-cap companies. Since 1992, RedChip has delivered concrete, measurable results for its clients through the most comprehensive service platform in the industry for small-cap and mid-cap companies. These services include a worldwide distribution network for its stock research written by analysts holding the CFA designation; retail and institutional roadshows in major U.S. cities; outbound marketing to stock brokers, RIAs, institutions, and family offices; a digital media investor relations platform that has generated over 2.3 million unique investor views; quarterly global online institutional and retail investor conferences that reach over 10,000 investors annually; "The RedChip Money Report" television show which airs in 100 million homes across the U.S. on The Family Channel; a weekly newsletter delivered to 60,000 investors; TV commercials in local and national markets; corporate and product videos; website design; and traditional investor relation services, which include press release writing, development of investor presentations, quarterly conference call script writing, strategic consulting, capital raising, and more. |
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| RedChip Disclosure |
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RedChip Companies, Inc. research reports, company profiles and other investor relations materials, publications or presentations, including web content, are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed in RedChip reports, company profiles, or other investor relations materials and presentations are subject to change. RedChip Companies and its affiliates may buy and sell shares of securities or options of the issuers mentioned on this website at any time.
RedChip Visibility is a division of RedChip Companies, Inc. and offers research services to paying clients. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that the RedChip Companies Inc. is an investor relations firm hired by certain Companies to increase investor awareness to the small-cap equity community.
Stock market investing is inherently risky. RedChip Companies is not responsible for any gains or losses that result from the opinions expressed on this website, in its research reports, company profiles or in other investor relations materials or presentations that it publishes electronically or in print.
We strongly encourage all investors to conduct their own research before making any investment decision. For more information on stock market investing, visit the Securities and Exchange Commission ("SEC") at www.sec.gov and view RedChip’s Disclosures. |
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