Sugarmade Inc. (SGMD) Announces Expansion of Cannabis Home-Delivery Service to Southern California

• SGMD expanding BudCars Cannabis Delivery Service into LA area
• Sugarmade forecasts BudCars business to top $30 million in annualized revenues in Sacramento alone
• Company sees potential for up to 20 new BudCars hubs across California over next two years

Sugarmade Inc. (OTCQB: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential and an early pioneer within California’s regulated cannabis industry, announced that its recently acquired BudCars Cannabis Delivery Service is expanding into the Southern California marketplace (http://nnw.fm/6c8TY). Initially launched in the Sacramento area, the cannabis home-delivery service has seen unprecedented growth in its first months of operation.

“Our Sacramento locations will pass the $10 million mark for annualized sales within the next 60 to 90 days,” Sugarmade CEO Jimmy Chan stated in a news release. “The growth has been so dramatic that we have had to drastically revise our expectations to the upside, which demands expansion, both in terms of staff and fleet in Sacramento, and in terms of regional expansion into Southern California. As a result, we are acquiring two distribution hub locations in the LA area with cannabis licenses included so we can hit the ground running.”

In the expansion announcement, the company reported that BudCars’ primary Sacramento locations have seen tremendous growth, with revenues consistently increasing 10% week over week. While the growth has been attributed to exploding demand for contactless delivery of cannabis products due to the COVID-19 pandemic, company officials expect the upward spike to continue, even after social-distancing restrictions are loosened. SGMD forecasts its BudCars business to top $30 million in annualized revenues this year in Sacramento alone.

In addition, based on data gathered from its current operations as well as trends in the LA region, the Sugarmade team is confident that each of the two new LA BudCars hubs will provide an annual revenue run-rate of $15 to 20 million – as a moderate baseline estimate. Sugarmade officials pointed to its Sacramento locations, which are reporting a consistent 19–20% net profit on sales, noting that the same margins are expected in the Southern California market.

The two LA locations are just the beginning of the CarBuds expansion. Officials see further expansion potential for up to as many as 20 new BudCars hubs across California over the coming two years, funded primarily by cash from operations.

“We are hiring and expanding our fleet as fast as we can right now to keep up with demand,” said Chan. “We can’t expand fast enough. But that’s a great problem to have, and LA represents an ideal new market for BudCars.”

As one of the few cannabis companies pursuing a vertically integrated business model, SGMD is placing its current focus on the expansion of non-storefront cannabis delivery. In addition to BudCars, the Sugarmade brand portfolio includes CarryOutsupplies.com, SugarRush(TM) and Budcars.com. Sugarmade has benefitted from a remarkable growth spurt thus far in 2020 and will seek to maintain its recent trajectory going forward.

For more information, visit the company’s website at www.Sugarmade.com

NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://nnw.fm/SUGAR

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Sigma Labs Inc. (NASDAQ: SGLB) Positioned to Meet Expected Post-COVID Demand for 3D Metal Printed Parts with In-Process QA Technology

• Sigma Labs provides critical in-process monitoring technology to unlock scalability needed to meet parts demand
• 3D printed medical devices of all source materials market forecast to reach $26 billion over two years
• As industry reacts to current crisis, demand for 3D metal printed parts expected to increase

From specialized surgical tools designed to meet a surgeon’s unique needs to customized cutting guides for knee replacements, the healthcare industry is poised to be transformed by additive manufacturing (AM), also known as 3D printing (http://nnw.fm/Ugaj2). However, scalability has been limited by the technology’s lack of in-process quality control monitoring. Sigma Labs Inc. (NASDAQ: SGLB), a company specializing in real-time quality assurance of 3D metal printing, presents a solution to alleviate the onerous burden of quality assurance in mass production – at a time when the 3D printed medical devices market is expected to reach $26 billion over the next two years.

While 3D printing technology (also known as additive manufacturing) has long been used to create product prototypes, the lack of product uniformity and onerous quality assurance costs had made engaging in mass production a pipe dream. Sigma Labs, one of the leading providers of third party in-process quality assurance software to the commercial 3D metal printing industry, has allowed companies to monitor the quality of each product part in the production process, layer by layer and in real time – leading to a dramatic decrease in error rates and higher manufacturing yields.

According to industry think-tank SME, the 3D printed medical devices sector – which already accounts for 17 percent of the total additive manufacturing (AM) market – will grow to roughly $26 billion over the next 24 months. A key segment spearheading growth in the sector has been the design and fabrication of replacement joints and artificial limbs. Over 30 million people worldwide are in need of artificial limbs and mobility devices, yet less than 20 percent have access to them, largely due to the extremely time-consuming and expensive process of producing customized prosthetics. 3D printing has sought to address this issue by enabling an ever-increasing number of patients, particularly from developing nations, to gain access to bespoke prosthetic limbs. Healthcare NGO e-NABLE has been one of the pioneers in the field, publishing free designs for prosthetic hands, which are available for anyone to print and can cost as little as $35 (http://nnw.fm/mb6XQ).

However, the industry’s prodigious growth rate has not been limited to well-documented manufacturing breakthroughs such as the design of hearing aids, dental implants and prostheses. In northern Italy’s Lombardy region, a shortage of ventilators in the midst of the viral outbreak was compounded by a lack of replacement valves for faulty machines. With medical suppliers unable to provide spare parts at short notice, 3D printing experts and local business owners were able to collaborate and come to the rescue by rapidly fabricating the replacement parts within a matter of hours (http://nnw.fm/wEuf5). Similarly, in the United States, Massachusetts-based Formlabs, a manufacturer of 3D printers, was able to swiftly reformat over 250 of their printers to produce 100 thousand nasal swabs for COVID-19 testing a day (http://nnw.fm/iN6YB). With the scope of 3D printed medical devices widening on a daily basis, product safety has increasingly become a factor alongside other variables such as production cost, product longevity and functionality. As such, the need for a robust, efficient and easily implementable quality assurance process has become paramount.

To meet this requirement, Sigma Labs PrintRite3D(R) caters to the highly technical and precise nature of the Additive Manufacturing 3D metal branded equipment being created. In early April, the company launched the newest iteration of its revolutionary PrintRite3D(R) software, providing manufacturers with the ability to remotely monitor their 3D printing process in real-time while offering actionable information and AI-driven metrics on a production management user-interface platform. Moreover, Sigma’s technology can be used on 3D printers from multiple manufacturers to provide a consistent standard of quality assurance, thereby allowing for the technology to be deployed throughout a manufacturer’s supply chain (http://nnw.fm/5Hhyo).

Following the launch and during a recent interview with Proactive Investors, Sigma Labs Chairman Mark Ruport went on to reaffirm that the company was now eyeing a “tremendous opportunity” to become the de facto standard for third party in-process quality assurance of metal parts production (http://nnw.fm/bC8DQ).

The application of 3D printing within medical hardware and healthcare has allowed the industry to access critical components as and when they are needed – all at reduced cost, time, and wastage relative to traditional manufacturing methods. However, 3D printing will only truly surpass traditional techniques when the additive manufacturing industry moves from ‘post-process’ quality control to ‘in-process’ quality assurance. As one of the leaders in its field, Sigma Labs and its technological solutions are well positioned to capitalize on the industry’s explosive growth going forward.

For more information about Sigma Labs, please visit www.SigmaLabsInc.com

NOTE TO INVESTORS: The latest news and updates relating to SGLB are available in the company’s newsroom at http://nnw.fm/SGLB

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire is part of the InvestorBrandNetwork.

InsuraGuest Technologies Inc. (TSX.V: ISGI) Licensed to Sell Insurance in 48 States, Expects Approval for Remaining Two Within a Month

• The specialized insurance provider is expanding into multiple specialized sectors, focuses on higher service speed and personalization
• Hospitality Liability Policy covers theft and damage of personal property, accidental medical expenses, and accidental death and dismemberment
• Insurtech sector growing at a fast pace, attracting billions in investment

InsuraGuest Insurance Agency LLC, wholly owned by insurtech software company InsuraGuest Technologies Inc. (TSX.V: ISGI), is now licensed to sell all lines of insurance in 48 out of the 50 U.S. states and Washington, D.C. “As the world navigates and accommodates to new changes due to COVID-19, we continue to forge forward and build InsuraGuest to produce more product offerings so we can better serve our customers and build shareholder value,” InsuraGuest Technologies CEO and Chairman Douglas Anderson stated in a company press release (http://nnw.fm/De6FC).

The Agency is registered and licensed to sell accident and health, casualty, life and property insurance in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming and the District of Columbia.

The Agency has applied and expects to be approved to sell insurance in the remaining two states of Massachusetts and New York within the next 30 days.

Insurance is one of the oldest and most traditional industries. Over the past few years, insurtech software company InsuraGuest Technologies have begun to encroach on major players’ territory by providing an insurtech software platform which can deliver digital insurance to multiple sectors. Insurtech in particular has seen a sharp increase in funding, with approximately $16.5 billion invested in the sector over the past 10 years. The pace of investment is on the rise (http://nnw.fm/ZQz2n), with $2.2 billion raised in the first half of 2019 alone (http://nnw.fm/J1Fzz).

InsuraGuest Technologies’ insurtech software currently targets hotels and vacation rentals, with the long-term goal to expand offerings to a wider audience and into revenue streams. The company aims to move into providing its software, that alleviates the process of insuring mainstream sectors, with a focus on providing higher service speed, ease of purchasing insurance, and personalization. InsuraGuest is working to expand its product offering and the reach of its platform via brokers and agents who can sign up instantly through a fully automatized agency/broker software program. These agents and brokers can then take InsuraGuest’s current Hospitality Liability product to their own customers, helping speed up the platform and products’ expansion.

The company’s proprietary insurtech software platform is already operational in the hospitality industry, where it provides specialized gap insurance, which can address accidents or theft incurred by a guest during their stay at hotels and vacation rental properties. Traditional travelers’ insurance doesn’t cover a number of things that can happen inside hotels or other travel properties, putting both the traveler and the hotel or property owner at risk. InsuraGuest’s proprietary insurtech platform delivers its specialized Hospitality Liability coverages to its hotel and vacation rental members, which becomes the first line of defense for the properties if an accident or theft is incurred by a guest or their occupants during their stay. The Hospitality Liability coverages address a wide range of issues, from theft and damage of personal property to accidental medical expenses, death and dismemberment.

For more information, visit the company’s website at www.InsuraGuest.com

NOTE TO INVESTORS: The latest news and updates relating to ISGI are available in the company’s newsroom at http://nnw.fm/ISGI

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire is part of the InvestorBrandNetwork.

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Outlines Three Objectives for Coming Year, Reaffirms Strong Foundation as Cannabis Industry Leader

• PLUS well-prepared to respond to current coronavirus crisis, says CEO
• Strengthening PLUS presence in the California market remains critical to becoming global cannabis brand
• When objectives are met, few companies will be better positioned to build global portfolio of cannabis brands

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) has identified three critical objectives to focus on in the coming year, according to a letter from PLUS co-founder and CEO Jake Heimark (http://nnw.fm/foR6i). The letter outlines those objectives and also discusses COVID-19 and the impact it is expected to have on the company.

After observing that the company is “well-prepared to respond to the current coronavirus crisis,” Heimark noted that the company “continues to have a strong foundation as a leader in the California cannabis market.”

“We have set three critical objectives as a company over the next four quarters,” he stated. “1) to ensure the safety and health of our employees and customers, 2) to continue to establish ourselves as a clear, long-term leader in the California edibles space and 3) to become a cash-flow positive business.”

Heimark then went on to explain that PLUS is “capitalized with enough cash on hand to continue executing through the entirety of 2020 without any additional fundraising.” Heimark noted that “Plus Products was the largest brand in the largest category of the California edibles market in 2019, and had the two best-selling cannabis products, across all categories, in the state over that same period.”

In his letter, Heimark explained that, in 2019, the state’s emerging adult-use cannabis market was 38% of the global adult-use cannabis market, and it is expected to stay at least 27% of that market through 2024. “Edibles remain the most attractive space to build a brand, with price premiums remaining constant, while other categories continue to see significant price degradation,” Heimark said. With that in mind, it makes sense that maintaining – and even building – the PLUS presence in the California market remains critical to becoming a global cannabis brand, he concluded.

Calling 2019 a difficult year for the entire cannabis industry, Heimark observed that “macro events – ranging from the vaping crisis to slow growth in emerging markets – contributed to underwhelming results and immense pressure from the market on operators across the board, a pressure that has continued to impact the industry into the new year.” Heimark acknowledged that PLUS hadn’t escaped the challenges.

“We have faced a home market in California that continues to battle growing pains as it works to compete with a highly active illicit market, streamline a disorderly regulatory environment, and support undercapitalized operators across an adolescent supply chain,” he said. “As a result, growth has been less robust than anticipated, and we were not spared from the broader market downturn.”

With that in mind, the Plus Products leadership team made adjustments to the business to ensure that the company is in the ideal position to survive – and succeed – in 2020 and 2021. Those adjustments included executive salary reductions, executive reorganization, general personnel reductions, the conclusion of the John Legend engagement and an employee equity incentivization restructure. “The decisions made were driven by a strategic commitment to prioritize growing our footprint in markets in which we are already operational over entry into new markets, with a particular focus on our home state of California,” Heimark explained.

“PLUS has built one of the most successful brands in the world’s largest cannabis market,” he concluded. “Moving ahead we intend to build a strong portfolio of edibles brands, leveraging our core capabilities in markets where we have established distribution channels and a dedicated customer base… We believe that we have a clear path to achieving our three critical objectives set forth above. If we do, there will be few, if any, companies better positioned to build a global portfolio of cannabis brands. And while these are uncertain times, we know that we will emerge from this moment in time together.”

Headquartered in San Mateo, California, PLUS is a cannabis and hemp food company focused on using nature to bring balance to consumers’ lives. PLUS’s mission is to make cannabis safe and approachable, beginning with high-quality products that deliver consistent consumer experiences.

For more information, visit the company’s website at www.PlusProducts.com

NOTE TO INVESTORS: The latest news and updates relating to PLPRF are available in the company’s newsroom at http://nnw.fm/PLPRF

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire is part of the InvestorBrandNetwork.

Champignon Brands Inc.’s (CSE: SHRM) (OTC: SHRMF) (FWB: 496) New Committee Member Strengthens Compentencies

• SHRM appoints former Red Bull Canada president to Special Advisory Committee
• New member’s background in heavily regulated industries coupled with experience in CPG space provides great complement
• Effective immediately, Champignon common shares being traded on OTCQB Venture Market

Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496), a Canada-based company dedicated to applying novel and natural treatment protocols with an emphasis on psychedelic medicine, announced the appointment of Jim Bailey as a new member of its Special Advisory Committee. The appointment of Bailey, a former president of Red Bull Canada, is designed to strengthen SHRM’s pharmaceutical, nutraceutical and CPG marketing/distribution competencies (http://nnw.fm/f7H6j).

“I am very excited to be part of a company that is leading the way in finding alternative solutions to traditional pharmaceuticals with science-based research and functional products,” Bailey noted in a news release. “My background in heavily regulated industries coupled with my experience in the CPG space provides a great complement to an already talented and experienced advisory board.”

In his position at Red Bull Canada, Bailey played a key role in introducing the Red Bull brand in Canada and growing the business to $150 million in annual revenue with more than 300 employees. In addition to his experience at Red Bull, Bailey served as the global chief marketing office for Merrell Outdoors, overseeing both product and consumer marketing; during his tenure, Merrell Outdoors reported annual revenues of up to $600 million.

In his new position on Champignon’s Special Advisory Committee, Bailey will “champion the marketing, distribution and commercialization of the company’s Novoformulations-branded novel delivery systems for the pharmaceutical, nutraceutical and psychedelic medicine industries,” the company announced.

A wholly owned subsidiary of Champignon, Novoformulations is focused on working with ketamine, anaesthetics and adaptogenics, along with other pharmaceuticals and natural molecules at a purpose-built good manufacturing practice (GMP) and pharmaceutical (DIN) licensed facility located in Quebec. As part of these efforts, Novoformulations is formulating, developing and working to commercialize bioavailable transdermal, intranasal and sublingual delivery platforms.

In addition, Champignon announced that, effective immediately, its common shares are being traded on the OTCQB Venture Market, a U.S. trading platform operated by the OTC Markets Group; the shares will be traded under the ticker ‘SHRMF’ (http://nnw.fm/3Ak8B). Champignon’s common shares will continue to trade on the Canadian Securities Exchange under the ticker symbol ‘SHRM’, as well as on the quotation board of the Frankfurt Stock Exchange under the ticker symbol ‘496’.

The OTCQB is the foremost exchange for entrepreneurial and development-stage U.S. and international companies focused on providing superior experience for U.S. investors. To trade on the market, companies must be current in their financial reportings, pass a minimum-bid price test, and undergo an annual company verification and management certification process. Companies that are approved to trade on the OTCQB exchange have met quality standards that provide a strong baseline of transparency and are committed to improving the information and trading experience for investors.

Champignon seeks opportunities to promote the health and wellness benefits of functional mushrooms, which are used in a wide variety of health-care and pharmaceutical products. The company’s flagship e-commerce store, VitalitySuperTeas.com, takes advantage of the burgeoning craft mushroom industry with a selection of mushroom-infused teas and accessories; SHRM is also expanding its preclinical trial pipeline and branching out into alternative medicine and pharmaceuticals.

For more information, visit the company’s website at www.ChampignonBrands.com

NOTE TO INVESTORS: The latest news and updates relating to SHRM are available in the company’s newsroom at http://nnw.fm/SHRM

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire is part of the InvestorBrandNetwork.

PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Rebrands as DRIVRZ, Launching Vehicles to a Network of Industry Buyers

• DRIVRZ will become PowerBand’s consumer-facing brand in the months and years ahead
• The platform is designed to simplify online vehicle transactions allowing users to place orders for cars and trucks from their smartphones, from any location
• Company actively participating in the $10-billion cross-border used vehicle export market with receipt of its Exporter License
• Over 10 million vehicles are bought and sold through auctions every year

PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) has announced that it is trademarking the brand DRIVRZ as its top-level logo and wordmark for ongoing consumer interactions and future leasing and finance operations. The company applied to register the DRIVRZ wordmark and DRIVRZ logo in the U.S. and Canada. Trademark protection for DRIVRZ is underway for these countries and world markets. The mark family includes DRIVRZ FINANCIAL and DRIVRZ SOLUTIONS marks.

The company ­– enabling the buying, selling, leasing, financing and auctioning of cars on mobile devices, from any location – will continue to use PowerBand as its corporate name and retain its current ticker symbols on public markets for investors and regulators.

“As we advance our cloud-based vehicle transaction platform into Canada and the United States, as well as automotive markets around the world, we believe it is essential to have a brand that is clear, unified, easily recognizable and consumer-friendly,” PowerBand Solutions CEO Kelly Jennings stated in a news release (http://nnw.fm/2iRt8). “DRIVRZ will become PowerBand’s consumer-facing brand in the months and years ahead. DRIVRZ is for drivers, taking the unnecessary middlemen out of the automotive retail sector, to make buying, selling, trading and leasing a car or truck as easy as ordering a product from Amazon or ordering an Uber on your smart phone. It is the future of automotive retail.”

In related news, PowerBand and D2D Auto Auctions LLC successfully launched and conducted ‘virtual’ auctions on April 7th and April 16th in the United States, testifying to the speed and efficiency of D2D’s unique transaction platform. This platform provides a much-needed alternative to physical auctions and their associated costs and allows dealers to create an instant, online auction that launches a used vehicle to a vast network of the industry’s top used vehicle buyers. The cost of delivering a vehicle to a physical auction is eliminated (http://nnw.fm/dOw26).

D2D is co-owned by PowerBand and Arkansas-based financier Bryan Hunt in a 50-50 partnership. More than 1,300 dealers were registered on the D2D platform when it was launched at the end of 2019. This number is increasing rapidly as social distancing takes effect and D2D’s sales team targets additional dealerships and commercial customers, including leasing, rental and fleet companies. The established DriveAway app, piloted by D2D, will continue to operate under its brand in the United States for the buying, selling and trading of cars.

PowerBand also acquired FinTech industry leader MUSA, to carry out transactions in the United States. MUSA will continue to operate under its name in the United States. Its technology takes applications, calculates leases, auto-decisions applications, provides approvals back to dealer partners and prefills lease contracts accurately. MUSA has been used with success by Tesla, which resulted in lease approval in a matter of seconds using the platform.

These developments have helped PowerBand gain a firm foothold in the massive U.S. automotive transaction marketplace. The company also owns an Exporter License, allowing it to actively participate in the $10-billion cross-border used vehicle market. Its leading-edge used-vehicle online remarketing auction platform also incorporates inventory management, the latest auction technologies in the industry, and appraisal processes.

The overall automotive dealership and commercial fleet vehicle auction industry is a $100-billion sector with more than 40 million used vehicles transacted in the U.S. each year. Over 10 million of these vehicles are bought and sold through auctions.

For more information, visit the company’s website at www.PowerBandSolutions.com

NOTE TO INVESTORS: The latest news and updates relating to PWWBF are available in the company’s newsroom at http://nnw.fm/PWWBF

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire is part of the InvestorBrandNetwork.

Living Greens Farm Responds to COVID-19, Applies Stringent Measures to Keep Viruses Out

Living Greens Farm (“LGF”), the largest vertical, indoor aeroponic farm in the U.S. that provides year-round fresh salads, microgreens and herbs, has added steps and procedures to its already super-clean standards to block COVID-19 from its operation.  Because LGF grows crops indoors, the health risks most traditional farms face are virtually eliminated, resulting in the highest standards in food safety. Beyond that, LGF follows GAP (Good Agriculture Practices) and GMP (Good Manufacturing Practices) guidelines to ensure that all vegetables are produced, packed, handled and stored as safely as possible to minimize risks of food safety hazards.

GAPs and GMPs are sets of rules and guidelines that cover everything from a building structure itself to personal hygiene and clothing standards for employees. These practices are enforced by the FDA, USDA and Primus, LGF’s third-party certification body. LGF voluntarily commits to an annual audit by Primus as well as the possibility of a surprise audit at any time. This is done to show that LGF is always following GAP and GMP guidelines.

Specific GAP and GMP rules and guidelines that impact LGF:

• Cleanliness and Clothing: Hygiene, hand washing, uniform program, captive boot program, hair nets, beard nets and glove use are all followed.
• Foreign Material Control: No jewelry, no pockets above the waist on uniforms, no utensils or objects made from wood or glass are allowed in growing, processing and packing areas.
• Facilities: The building is secure from intruders and pests; water that comes into contact with food or food contact surfaces must be potable and from a sanitary source; and air used for food handling must be filtered.
• Sanitation: Equipment must be cleaned regularly, and cleaning compounds must be approved for use in the food industry. Surface swabs are taken after cleaning to ensure sufficiency. Environmental swabs are done all over the building to ensure cleanliness and the absence of any food safety hazards.
• Storage: Strict temperature requirements are upheld to ensure quality and safety in all products. Temperatures of storage areas are continuously monitored and recorded.
• Written Food Safety Program: All processes are documented and signed off on daily to ensure all products leaving the building have complied with all internal and external regulations and are as safe as possible.

Before COVID-19 existed, LGF already had strict food safety processes in place:

• All employees who enter the farm are required to attend regular food safety trainings, scrub hands, wear sanitized lab jackets (these are cleaned and sanitized each night), wear hair nets, wear beard nets, remove jewelry, wear new latex gloves, and wash the bottoms of their shoes in a sanitizing solution before entering the farm and in key areas throughout the farm.
• All employees follow all GAP and GMP food-safe practices.

Now that COVID concerns are top of mind, LGF has added extra precautions:

• All common areas often touched are being sanitized three times a day (doorknobs, desk surfaces, chair arms, coffee pot handles, refrigerator handles, dishwasher handles and buttons, vending machine buttons, etc.).
• All non-farm essential employees have been encouraged to work from home. This reduces the amount of people at the farm and reduces risk.
• If an LGF employee feels ill, they’ve been asked to not come to work until feeling better (CDC guidelines).
• If an LGF employee has been in direct contact with someone who has COVID-19, they get tested and do not come to work for 14 days or as instructed under CDC guidelines.
• If an LGF employee has been in contact with someone who has been exposed to COVID-19, they do not come to work for seven days or as instructed under CDC guidelines.
• All farm tours except virtual tours have been suspended until early summer.

LGF’s farming methods and business model already provided the environment and consumer the benefits of less water usage, less space used, higher food nutrition/quality, and the elimination of pesticides and herbicides.  To these benefits can be added super cleanliness and the assurance that Living Greens Farm is taking every precaution to keep COVID-19 out!

For more information, visit http://www.livinggreensfarm.com.

About Living Greens Farm

Headquartered in Minnesota, Living Greens Farm is the world’s largest vertical plane aeroponic farm. Living Greens Farm produce requires 95% less water and 99% less land to grow year-round, and all products are grown without pesticides, herbicides or GMOs. Living Greens Farm has a full product line that includes washed and chopped bagged salads, microgreens and herbs that are available throughout the Midwest.

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire is part of the InvestorBrandNetwork.