RedChip Companies
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Weekly Newsletter
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Hempacco "HPCO" Closes Initial Public Offering
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Hempacco Co., Inc. (NASDAQ: HPCO), a vertically integrated hemp manufacturing company, announced the completion of its initial public offering of 1,000,000 common shares at a price of $6.00 per share to the public for a total of $6,000,000 of gross proceeds to the Company, prior to deducting underwriting discounts, commissions, and other Offering expenses.
The Company has listed its common shares on The Nasdaq Capital Market, effective August 30, 2022, under the symbol "HPCO".
Boustead Securities, LLC acted as the sole underwriter for the firm commitment Offering.
A registration statement on Form S-1 (File No. 333-263805), as amended, filed by the Company with the Securities and Exchange Commission (the "SEC"), was declared effective on August 29, 2022. Hempacco Co., Inc.'s goal is Disrupting Tobacco's™ nearly $1 trillion industry with herb and hemp-based alternatives to nicotine cigarettes by manufacturing and marketing herb, spice, and cannabinoid smokables and rolling paper. Hempacco owns The Real Stuff™ functional hemp cigarette and rolling paper brand. Hempacco's operational segments include manufacturing of smokables and hemp rolling paper, smokable technology development and The Real Stuff™ brand of functional smokables and rolling paper
For more information, visit www.hempaccoinc.com
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Medigus: Jeffs’ Brands Ltd. Announces Closing of $15.5 Million Initial Public Offering
Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies, and electric vehicle and charging solutions, announced that Jeffs' Brands Ltd., a data-driven e-commerce company operating on the Amazon Marketplace, announced on August 30, 2022, the closing of its initial public offering, and the simultaneous closing of a portion of the underwriter’s over-allotment option, for aggregate gross proceeds of approximately $15.5 million before deducting underwriting discounts and other estimated offering expenses. As a result of the closing of the IPO, Medigus now owns 35.27% of Jeffs' Brands. Jeffs' Brands issued 3,717,473 ordinary shares and 3,717,473 warrants, each to purchase one ordinary share with an initial exercise price of $4.04 per share, at a combined initial public offering price of $4.16 per ordinary share and warrant.
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American Resources Corporation Announces Board Authorization for Stock Repurchase Program
American Resources Corporation (NASDAQ:AREC), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that its Board of Directors has authorized a stock repurchase program for up to $10,000,000 of its shares of common stock outstanding. The share repurchase authorization will be used at management's discretion and will expire on September 15, 2023, unless further extended by the Board of Directors. The Share Repurchase Program may also be suspended, modified, or discontinued at any time and does not obligate the Company to acquire any amount of Class A common stock.
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Genetic Technologies Provides Update on US Operations and Payer Engagement
Genetic Technologies Limited (ASX: GTG; NASDAQ: GENE), a global leader in guideline driven genomics-based tests in health, wellness and serious disease, reported excellent commercial progress in the USA strategic operations with the following updates:
- Active engagement with 11 US payer groups with an initial target list of 30 with coverage in tens of millions of lives
- Engagement with 19 US Concierge Medicine Practices with large volume pricing discussions
- Commercial evaluations underway at 10 US medical/family practices
- Re-engagement with 1,600 previous geneType US customers
- Dr Erika Spaeth, a key presenter at the Precision Medicine Leaders Summit in Boston
- Online ordering of geneType Multi-Risk Test with Telehealth support established
- Melbourne laboratory receives US CLIA certification as a “High Complexity Laboratory”
- African American ethnicity validation and research collaboration with Washington State University well underway
- Establishment of a new US operations team dedicated to EasyDNA product sales
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QYOU Media Reports All Time Record Revenue in Q2 2022
QYOU Media Inc., (TSXV: QYOU) ( OTCQB: QYOUF) a company operating in India and the United States producing and distributing content created by social media stars and digital content creators, reported final financial results for the quarter ended June 30, 2022. Highlights include as follows:
- Record Breaking Quarterly and YOY Revenue Growth: For the three months ended June 30, 2022 revenue was $6,883,363 representing a year over year increase of 163% and the highest revenue mark in company history.
- Improved Adjusted EBITDA*: For the three months ended June 30, 2022 compared to the same period prior year, adjusted EBITDA loss was $1,348,082 representing an EBITDA improvement of $666,223 or 33% driven by the revenue growth offset by higher operating expenses related to the growth of the business across all operating business units.
- Net Loss: Net loss for the quarter is $3,297,014, an increase of 7% or $210,362 driven by revenue growth across all business units offset by the launch of new channels and programming.
- Cash Balance: The Company concluded the three months ended June 30, 2022 with cash of $4,181,414 (compared to March 31, 2022 cash of $5,082,637).
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Upcoming Events |
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OTC: ODYY - Odyssey Health Inc. |
4:15pm Eastern |
Odyssey Health Inc. (formerly Odyssey Group International, Inc.) is a technology and asset acquisition company with a focus in the area of life saving medical solutions. |
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NASDAQ: GENE - Genetic Technologies Limited |
4:15pm Eastern |
Genetic Technologies Limited is a diversified molecular diagnostics company developing tools for the prediction and assessment of chronic disease risk to help physicians proactively manage patient health. |
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NASDAQ: BRAG - Bragg Gaming Group |
11:00am Eastern |
Bragg Gaming Group is a next generation gaming group with cutting-edge technology, leading brands and world-class management expertise, developing into a global gaming force. |
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NASDAQ: DPRO - Draganfly |
4:15pm Eastern |
Draganfly has been a leader in the professional drone industry for more than 20 years, supporting clients with enterprise drone solutions, contract engineering services, custom software, professional unmanned aerial vehicle (UAV) services, and more. |
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NASDAQ: LTRN - Lantern Pharma |
4:15pm Eastern |
Lantern Pharma is a clinical stage oncology-focused company who is harnessing the power of Artificial Intelligence and Genomics to develop precision cancer therapies. |
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NYSE American: DSS - DSS Inc. |
4:15pm Eastern |
DSS Inc. is a multinational company operating business segments in blockchain security, direct marketing, healthcare, consumer packaging, real estate, renewable energy, securitized digital assets, securities trading and fund management, and banking, lending, and finance. |
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Archive Events |
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OTC: OBTX - Everything Blockchain |
Meeting Duration 45 minutes |
Everything Blockchain is a development, engineering, and services company specializing in Blockchain technologies and decentralized processing. |
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NASDAQ: AREC - American Resources |
Meeting Duration 51 minutes |
American Resources Corp. is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. |
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NASDAQ: STSS - Sharps Technology |
Meeting Duration 40 minutes |
Sharps Technology is a medical device company addressing global issues while engineering a safer future for healthcare providers and people everywhere through compassionate innovation. |
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NASDAQ: RVPH - Reviva Pharmaceutical |
Meeting Duration 58 minutes |
Reviva is a Phase 3 clinical-stage biopharmaceutical company that discovers, develops and seeks to commercialize next-generation therapeutics for diseases representing unmet medical needs and burdens to society, patients, and their families. |
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Lesson of the Week
The importance of good management.
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RedChip TV |
MidSouth Week in Review
Consumer prices rose 6.3% in July vs. 6.8% in June.
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