| cbdMD (NYSE American: YCBD) Achieves Further Recognition with Addition to the Cannabis ETF (NYSE: THCX) |
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cbdMD (NYSE American: YCBD), a nationally recognized consumer cannabidiol (CBD) brand, has been added to The Cannabis ETF (NYSE:THCX) (“THCX”), which trades on the New York Stock Exchange.
Why It Matters: Being added to Wall Street’s first passively managed pure-play ETF in the cannabis space adds further recognition and exposure for cbdMD. Interest in CBD has surged over recent years; so much so that leading cannabis industry analyst, The Brightfield Group, expects the market could hit nearly $24 billion by 2022 after being valued at $620 million in the United States in 2018. Professional sports leagues, like the BIG3 and Bellator MMA, allow their athletes to use CBD products, specifically cbdMD, for recovery and overall wellness. Nursing homes, traditional medical practitioners, and many non-profit organizations have also embraced CBD.
Key Quote: “We are very pleased and appreciative of the addition to The Cannabis ETF, after the latest rebalance. As a hemp derived CBD product, this is another milestone for our company that will offer us increased exposure to the US investment market and provide additional momentum in building on our brand.” – Marty Sumichrast, Chairman & co-CEO
The Backstory: cbdMD products are now on the shelves of more than 3,000 retailers in the US. With a growing roster of impressive celebrity athlete sponsorships, cbdMD has proven its ability to navigate the challenging marketing landscape of CBD. With a reach to target audiences of this magnitude, the company appears well on its way to becoming the leading CBD brand.
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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| Paringa Resources (NASDAQ: PNRL) Provides Update on Poplar Grove Operations |
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Paringa Resources (NASDAQ: PNRL), which operates the low cost, high quality Poplar Grove Mine, part of the Buck Creek Complex located in the Illinois Coal Basin in western Kentucky, provided an update on its operations:
Highlights:
- Received regulatory approval for an extended cut plan for the first mining unit (“Unit 1”) at Poplar Grove
- Extended cut plan enables the Unit 1 continuous miners (“CMs”) to increase the depth of each cut into the coal seam from a maximum of 20 ft to a maximum of 40 ft
- Plan has resulted in an immediate increase in Unit 1 mining productivity, with record productivity of 644 ft/shift achieved in a single shift shortly after approval was granted
- Granted approval for extended haul weights on the road between the CHPP and Ainsworth Dock, allowing payloads to double and reducing trucking costs
- Unit 2 will complete mining in the #1 North Sub-main over the coming weeks and will be relocated to the #1 South Main
Backstory: The Buck Creek Complex includes two thermal coal mines: (1) the operating Poplar Grove Mine with production capacity ramping up to 2.8 Mtpa; and (2) the permitted Cypress Mine with planned production capacity of 3.8 Mtpa. Construction of the Poplar Grove Mine has been completed and production ramp-up is underway, with full production capacity targeted in 2020. The Company also has plans to develop the Cypress Mine.
Western Kentucky is one of the world’s best mining jurisdictions due to its access to low cost power, utilities, transportation and a non-union labor pool. Mining conditions at Poplar Grove are similar to those in neighboring mines, which rank as some of the world’s most productive room-and-pillar operations.
Disclosure
Paringa Resources Limited (NASDAQ: PNRL) is a client of RedChip Companies, Inc. PNRL agreed to pay RedChip Companies, Inc., a monthly cash fee for RedChip investor awareness services.
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| SPI Energy (NASDAQ: SPI) Announces Closing of the Manchester and Waterford Solar Projects |
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SPI Energy (NASDAQ: SPI), a global provider of photovoltaic (“PV”) solutions for business, residential, government and utility customers and investors, today announced the closing of two projects from the previously announced framework agreement to acquire up to eight solar projects in the state of Oregon (the “Oregon Portfolio”).
Why It Matters: The acquired Manchester and Waterford solar projects will produce a total of approximately 5.4MW in the State of Oregon. Both the Manchester and Waterford solar projects are ground-mounted PV projects and they are located in Yamhill County and Polk County, Oregon, respectively. Upon completion of these two PV projects, we will sell their power to Portland General Electric – generating clean, renewable energy for the local communities.
Key Quote: “We are pleased with the timely closing of the acquisition of the Manchester and Waterford projects as we believe the Oregon Portfolio will be a great addition to our current solar project pipeline. We are taking prudent steps to expand our solar platform in the United States as we continue to rebalance our business-mix and refine our strategic investment in projects or businesses that have high growth potential.” - Xiaofeng Peng, CEO
The Backstory: SPI is a global provider of photovoltaic (“PV”) solutions for business, residential, government and utility customers and investors. The Company develops solar PV projects that are either sold to third party operators or owned and operated by the Company for selling of electricity to the grid in multiple countries in Asia, North America and Europe. The Company’s subsidiary in Australia primarily sells solar PV components to retail customers and solar project developers. The Company has its operating headquarter in Santa Clara, California and maintains global operations in Asia, Europe, North America and Australia.
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| Santa Fe Gold (OTC: SFEG) Ranked Ninth in List of US Mid-Tier and Junior Gold Companies |
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The Northern Miner, a Prestigious and Leading Mining Industry Trade Journal, in its August 8, 2019 issue, lists Santa Fe Gold (OTC: SFEG) ninth among the top 10 US based mid-tier and junior precious metals companies.
Key Quote: “Progress at our Jim Crow mine continues to impress. Having deftly acquired the Jim Crow and 10 other mines in the Steeple Rock district at the start of 2019, the company has wasted no time in bringing the first of these mines, the Jim Crow mine into condition for sustained production in just five months following acquisition.” – Brian Adair, Chairman
Backstory: Santa Fe Gold began mining operations at its Jim Crow gold-silver mine in the historic Steeple Rock mining district of southwestern New Mexico in May and is currently producing and readying ore for shipment.
The company expects production from the Jim Crow mine will generate funds to finance development of its other mines in the district, including the nearby Three Brothers mine, the adjacent Imperial mine, as well as the Bilalli mine, 6.4 km north of Jim Crow. Santa Fe Gold plans to have all four mines in production as rapidly as progress will allow and can be achieved.
In addition to its four past-producing mines in Steeple Rock, Santa Fe Gold has acquired five other historic silver mines: the Alhambra, Black Hawk, Silver King, Good Hope and Bullard’s Peak mines. These are covered by 13 patented claims and 83 unpatented claims in the Black Hawk district in Grant County, 24 km southwest of Silver City, in New Mexico. Santa Fe is reviewing development options for the assets.
Disclosure
Santa Fe Gold Corp. (OTC: SFEG) is a client of RedChip Companies, Inc. SFEG agreed to pay RedChip Companies, Inc. 1,000,000 shares of Rule 144 stock for 12 months of RedChip investor awareness services and consulting services.
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| SinglePoint’s (OTCQB: SING) Direct Solar Signs Partnership with Fastest Growing Real Estate Brokerage |
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Direct Solar, a subsidiary of SinglePoint (OTCQB: SING), signed a partnership with My Home Group Real Estate, LLC., the fastest growing residential real estate brokerage in Arizona and the second fastest in the nation.
Why It Matters: With this new partnership, My Home Group Agents can provide alternative energy options for homeowners that are eco-conscious, searching for cleaner and alternative fuel systems, looking to reduce their reliance on the grid, and the search to reduce the burden of higher and higher utility bills.
Key Quote: “When a My Home Group real estate professional recommends solar power and the consumer signs up with Direct Solar of America, not only do they get regionally vetted and highly rated installers, with over 3500 residential installations, they get the satisfaction of knowing that they are doing business with a company that shares their values.” – Pablo Diaz, CEO of Direct Solar
The Backstory: SinglePoint subsidiary Direct Solar America is a solar energy brokerage with more than 3,500 home installations, which has enabled residential solar customers to shop for options in order to find the best option for the home. Like Rocket Mortgage or Lending Tree, Direct Solar representatives provide homeowners with a variety of financing and service providers; this has made the process of buying solar much easier for homeowners. Direct Solar is operational in eight states and continues to expand its residential solar footprint. Direct Solar Commercial serves customers that own and/or manage commercial properties. Along with Direct Solar Capital, an alternative energy financing solution, commercial projects have access to $50,000 to $3 million in funding for solar installations.
Disclosure
SinglePoint, Inc. (OTCQB: SING) is a client of RedChip Companies, Inc. SING agreed to pay RedChip Companies, Inc. a monthly cash fee for RedChip investor awareness services and consulting services.
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| ChineseInvestors.com (OTCQB: CIIX) to Present at the RHK Capital 4th Annual Disruptive Growth Conference |
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ChineseInvestors.com (OTCQB: CIIX), a premier provider of financial news and education for the Chinese-speaking community, today announced that Alex Hamilton, CFO of the Company's subsidiary CBD Biotech, will be part of a CBD panel discussion and will also present at the 4th annual Disruptive Growth Conference hosted by ReedSmith in New York City on September 4, 2019.
CIIX Conference Schedule:
Date: Wednesday, September 4, 2019
Time: 10:00 – 10:40AM EST (CBD Panel)
Time: 10:40 - 10:55 AM EST (Presentation)
Venue: ReedSmith Offices, 599 Lexington Avenue, 22nd Floor, NYC
Room: Presentation Room A/B
The Backstory: The 2019 Disruptive Growth conference offers attendees an exclusive opportunity to discover growth companies with disruptive technologies and business models in the communications, consumer, energy/alternative energy, healthcare, industrial, life sciences, natural resources and technology sectors.
Disclosure
ChineseInvestors.com, Inc. (OTCQB: CIIX) is a client of RedChip Companies. CIIX pays RedChip a monthly cash fee for twelve (12) months of investor awareness services.
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| Chemesis (OTC: CADMF; CSE: CSI) Provides Update on Operations and GSRX Transaction |
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Chemesis International (OTC: CADMF; CSE: CSI), a vertically integrated U.S. Multi-State operator with International operations in Puerto Rico and Colombia, announced it is continuing to proceed toward completing its previously announced transaction to purchase a majority stake in GSRX Industries (OTCQB: GSRX), with an anticipated closing date of August 31, 2019.
The Backstory: GSRX currently operates five dispensaries in Puerto Rico and has plans to open five additional dispensaries on the island. The company also operates one retail CBD kiosk in Clarksville, Tennessee with a retail store front expected to open up in Nashville, Tennessee as well as Lakeway, Texas. GSRX also holds a fully licensed distribution center and a boutique dispensary in Point Arena, California. In addition, GSRX expects to open a dispensary in Palm Springs, California by calendar Q1, 2020.
Key Quote: “Upon the successful closing of the Acquisition, Chemesis will have controlling interest of GSRX for the purposes of financial reporting, making the Company a fully vertically integrated, multi-state operator with assets in California, Tennessee, Arizona, Michigan, Texas, and Puerto Rico. The Company continues to position itself in the market to ensure we are able to develop the business in a way that builds long term shareholder value.” - Edgar Montero, CEO
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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| Quote of the Week |
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"Be wary of bad management teams, don’t bet on dreams. Do your homework and be careful."
- Dave Maley, Manager Ariel Discovery Fund |
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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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Copyright © 2019 RedChip Companies, Inc. All Rights Reserved.
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