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Wednesday, June 29, 2022

NFT Expoverse Draws Massive Interest and Coverage From All Spheres

Enthusiasts, entrepreneurs, and the curious about industries involved with crypto, arts, music, tech, esports, and more are all invited to attend NFT Expoverse. This event will be held in Los Angeles, California from the July 29-31, 2022. While 2021 proved a turning point for the blockchain space, interest in blockchain technologies and NFTs seem to be increasing even more rapidly in 2022, making it a perfect year for an event like NFT Expoverse.

The city of Los Angeles is perfect for this conference as it’s a historical melting point of culture, technology, and recreation. The event will gather some of the industry’s most sought-out speakers, all of whom will share their insights obtained from their own personal experiences in the field. Attendees will come out as experts themselves by the end of the event!

All of NFT Expoverse’s participants can learn, connect with peers, seek guidance, build long-term business ties with their mentors, and conduct business with top-rated brands. This event is the complete package for enthusiasts and beginners, allowing them to dive into all things web3, cryptocurrency, NFT markets, and metaverse experiences.

Blockchain technologies are opening up a world of possibilities, among them the ability to mint what is known as NFTs (Non-fungible tokens). These blockchain based tokens represent unique digital assets like art, music, videos, and gaming items. NFTs are encrypted with the creator’s signature and use blockchain software to verify the ownership and originality of the assets. That being said, tons of creators from around the globe are now preparing for an exciting opportunity to elevate their careers at NFT Expoverse.

Brands can leverage NFT Expoverse’s opportunities by bringing their products and services to the forefront as exhibitors throughout the event. This will allow them to connect with potential investors and engage with the audience in real life.

“NFT Expoverse gives everyone the chance to connect in person, ask their questions in real-time, and take part in experiences they won’t be able to have over a Zoom. This event is extremely unique as it caters to attendees like my parents (the curious) all the way to those already established in this industry (the creators) and everyone in between.” Nicole Beiner, Marketing Director of NFT Expoverse.

The team behind NFT Expoverse wants to ensure a one-of-a-kind experience by having unique immersive experiences, an NFT art gallery, VIP experiences, and much more. Additionally, this event is being held by a company called ZJ Events, which has an extensive background in creating unique trade show experiences in alternative industries.

Those who purchase their tickets early on will get access to special offers. Plus, they have partnered with several hotels nearby the venue to make your visit even smoother. Attendees will have access to refreshments and a networking break, in addition to speaking sessions and hundreds of exhibits. The icing on the cake is that after the immersive sessions are over, participants can enjoy NFT Expoverse’s official after party!

To get tickets, please visit https://nftexpoverse.com.

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Zacks Report Highlights Flora Growth Corp. (NASDAQ: FLGC) Aspiring to Benefit from First Mover Advantage in Multiple Cannabis Market Categories

Flora’s 2021 acquisitions allowed it to expand its operations beyond North America and into Europe
Acquisitions have also contributed to 450% YOY revenue growth for Q1 2022
Its management is confident that the foundation laid down so far will yield growth for 2022 and subsequent financial years
Flora has also reiterated 2022 revenue guidance of $35 million to $45 million

2021 was an excellent year for Flora Growth (NASDAQ: FLGC). According to a recent research report from Zacks (https://nnw.fm/gIo9F), the company possesses a number of important qualities pointing to continued significant growth following a strong 2021. Flora Growth management even regarded the past year as “transformational,” particularly following the closing of supplier, vendor, and distribution agreements that would see the company expand its operations, market reach, and product line.

With the progress made by the company so far, it is looking to benefit from a first-mover advantage in multiple market categories in terms of increased value for its shareholders, a higher market share, and increased revenue going forward.

The report went on to talk about 2021’s acquisition of Vessel Brand, Inc., a move that allowed the company to establish a foothold in the United States cannabis accessories business while improving its e-commerce capabilities. The year would also see the construction of an all-outdoor cultivation and on-site extraction facility in Colombia, one of the largest traditional flower exporters in the world and now able to export cannabis flowers.

Such moves position Flora to take advantage of the potential of the marijuana industry, particularly the medical marijuana sector. According to a report from Grand View Research, the global medical marijuana market size was valued at USD 11.0 billion in 2021 and is projected to expand at a compound annual growth rate (“CAGR”) of 21.6% from 2022 to 2030 (https://nnw.fm/VqL0C).

Through its acquisitions, Flora has expanded its operations beyond North America and into Europe. The company’s investment in Hoshi International, for instance, opened it to the European Union (“EU”), allowing it to expand its global footprint that would further spread to Hong Kong, Latin America, and Israel.

The report also pointed out Flora’s Life Sciences pillar, one of its three key pillars of growth, focused on providing scientific-based research associated with cannabis. The other two pillars include Commercial and Wholesale and House of Brands. The company believes that, while offering the products in its portfolio is critical, educating consumers and potential customers is of the essence if the conversation around cannabis is to be advanced. Therefore, Flora remains committed to creating educational platforms and conducting research studies and clinical trials to develop plant-based, medical-grade pharmaceuticals, phytotherapeutics, and dietary supplements.

Through its acquisitions and growing distribution network, Flora was able to post a 450% year-over-year revenue growth for the first quarter of the 2022 financial year. As a result, its management is confident that, for the entire fiscal year, the company will post between $35 million and $45 million in revenue.

This will be significantly influenced by the JustCBD acquisition, the awarding of an export quota for 43.6 tons of high-THC cannabis in Colombia, and the successful completion of the requisite steps to allow for the commercial planting and export of psychoactive cannabis.

Flora looks to reach cash flow breakeven as revenue continues to ramp, having closed the 2021 fiscal year with about $37.6 million in cash and a $21.4 million loss. 2021 was its first full year of revenue. Still, the company anticipates accelerating revenue growth in 2022 as it activates its Wholesale and Life Sciences growth units while simultaneously fueling expansion in the global House of Brands.

Flora is aggressively pushing its brand and advancing the conversation around cannabis. In addition, with its able management, Flora is recognizing and capitalizing on opportunities that others are yet to identify, placing it in a unique position that not only gives it a first-mover advantage, but also presents a unique opportunity for growth.

The full Zacks Small-Cap Research Report is available at https://nnw.fm/gIo9F.

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

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

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LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Leveraging Lightning Network to Spread Bitcoin Awareness Through Worldwide Channel Access

The Lightning Network capacity is US $82,800,210
LQwD’s longest running node is US-West, with a capacity of 5.74404405 BTC/ 574,404,405 sat/ US $117,517.28, a channel count of 107, and a node count of 106
LQwD has a total of 17 active nodes worldwide on the Lightning Network
The global cryptocurrency market was valued at US $1.49 billion and is expected to reach US $4.94 billion by 2030

Five years ago, on May 10, 2017, Christian Decker of Blockstream made the first non-test transaction on the Lightning Network. The transaction, conducted in Litecoin, was settled within one second. Today, the Lightning Network has grown on a massive scale, with over 17,000 nodes and almost 85,000 channels. The Network’s capacity, as of June 23, 2022, was US $82,800,210. LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption, has invested its own reserves in enhancing the experience of the Lightning Network.

In November 2021, LQwD launched its first node and proprietary platform as a service offering (“PaaS”), https://lqwd.tech/, to the public. As LQwD’s longest operational node, US-West has a capacity of 5.74404405 BTC/ 574,404,405 sat/ US $117,517.28, a channel count of 107, and a node count of 106. A satoshi (“sat”) is the smallest measurable unit of BTC, equal to 0.00000001 BTC, and is named after Bitcoin creator Satoshi Nakamoto.

Since the initial launch of the US-West node, the company has released 16 other nodes worldwide. In addition to US-West, LQwD’s presence on the Lightning Network includes Hong Kong, Ireland, India, Germany, Brazil, Singapore, Sweden, South Korea, South Africa, Bahrain, Indonesia, Italy, France, Canada, England, and Japan. Collectively, LQwD’s nodes range in size with channel counts spanning 2 (newer nodes) to 107 (US-West). To learn more about the Lightning Network and LQwD’s node operations, visit www.1ml.com.

The blockchain infrastructure cannot facilitate fast transaction speeds on its own. Currently, the infrastructure can only accommodate seven transactions per second (“TPS”). Other cryptocurrencies offer a TPS ranging from 20 to 4,000, with major network Visa handling up to 24,000 TPS. As a layer 2 protocol, the Lightning Network can speed up transaction times, offering over one million TPS. LQwD is leveraging this technological advantage to drive bitcoin adoption and facilitate transactions worldwide.

In its mission to accelerate bitcoin adoption, LQwD, through subsidiary Coincurve.com, joined Visa’s (NYSE: V) Fintech Fast Track Program. According to Shone Anstey, LQwD CEO, “Our direct relationship with Visa now gives LQwD the advantage of accessing their growing partner network, as well as experts in the payments space. It’s a big benefit” (https://nnw.fm/uK9YQ).

Driving bitcoin adoption is critical on a fast-growing global cryptocurrency market, despite recent volatility in the space. In 2020, the global cryptocurrency market was valued at US $1.49 billion. By 2030, this market is expected to reach US $4.94 billion, growing at a CAGR of 12.8%. Driving factors for growth include the increased need for operational efficiency, transparency in financial payment systems, the demand for remittances in developing countries, increased data security, and improved market cap (https://nnw.fm/d5wBo).

El Salvador was the first country to convert its legal tender to cryptocurrency. Other countries have expressed an interest in doing so, but few have made the official move. Unlike fiat currency, cryptocurrency is not asset-backed (or government-backed), making it more volatile than the standard dollar bill. Fiat currency has its volatility, too. As the government economic factors shifts, so does the value of the dollar. Once worth its weight in gold, the dollar faced devaluation when President Nixon ended the conversion for gold in the 1970s, proving that even the most stable payment systems can sometimes become volatile (https://nnw.fm/GoWxX).

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

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

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Mullen Automotive Inc. (NASDAQ: MULN) Retrofits Existing Facility to Move EV Battery Pack Production In-House

Global EV market projected to see 24.5% CAGR between 2022 and 2028
MULN announces plans to modify high-voltage plant to produce packs used for company’s EVs
Company anticipates using its own revolutionary solid-state battery technology in its second-generation Mullen FIVE EV Crossovers
Strategic move reduces company’s reliance on third-party suppliers, reduces impact of supply and critical component shortages

Amid a growing global demand for electric vehicles (“EV”), smart companies operating in the space are looking for ways to differentiate themselves from the competition. That’s exactly what Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle manufacturer, has done with its recently announced plans to retrofit a high-voltage facility for production of EV battery packs to support its growing line of electric vehicles (https://nnw.fm/6TDmO). The company expects to also eventually begin the development of solid-state polymer battery packs, which will be a significant advancement over current lithium-ion battery packs (https://nnw.fm/qNeBx).

According to a recent Facts & Figures report, the “global electric vehicle (‘EV’) market size is estimated to cross USD $980 billion by 2028, at a CAGR of 24.5% between 2022 and 2028” (https://nnw.fm/tVtcT). The report, which looked at a variety of different factors and their projected impact on EV market growth, noted that “a variety of batteries are used in these vehicles.

“The electric vehicle was developed primarily to replace polluting traditional ways of transportation,” the report continued. “As a result of various technological developments, it has gained in popularity. [An EV] outperforms traditional automobiles in terms of fuel efficiency, carbon emissions, and maintenance, as well as ease of charging at home, a smoother ride, and less engine noise. Pure, hybrid, and plug-in hybrid batteries are the three primary types of electric car batteries.”

Mullen, an emerging electric vehicle manufacturer, recently announced that it plans to begin EV battery-pack production in its California-based high-voltage-battery research-and-development facility. In order to do so, the company is modifying an existing facility to house production of EV battery packs, which will be used in the company’s EVs, including the ONE EV Cargo Van, FIVE EV Crossover and DragonFLY EV Sportscar.

“Building our own battery packs makes sense as it reduces our reliance on third-party suppliers and lessens our risk of being subjected to the waves of supply and critical component shortages,” said Mullen CEO and chair David Michery. “The entire industry is struggling with supply chain issues, and the more control we have in-house, the better off our vehicle programs will be. Our Monrovia facility is already established for high-voltage applications, so retrofitting it for our battery-pack development makes good sense for our company and shareholders.” In addition to reducing third-party dependency, the move to bring battery-pack production in-house will lower costs and increase overall quality control, Michery noted.

For almost a decade, the facility was used for battery-pack research, development and production for CODA Automotive; Mullen purchased the assets from CODA in 2014 and took over plant production in 2017. The move to focus on battery production for Mullen-specific EVs makes sense as the company continues to expand its vehicle portfolio.

In addition, the company is testing its own solid-state polymer battery technology, which has the potential to deliver more than 600-plus miles of range and features an 18-minute DC fast charge that can yield more than 300 miles of range. The company anticipates using this new battery technology in its second-generation Mullen FIVE EV Crossovers (https://nnw.fm/M9vhX).

According to the company, since its first quarter as a public company in 2021, Mullen has debuted two versions of the Mullen FIVE show cars, as well as continuing to focus on its development portfolio. The company also purchased a facility in Tunica, Mississippi, where it plans to start with the manufacturing of the Mullen ONE EV Cargo van program, which is slated for availability in Q2 2022. The company is capturing attention with its lineup of vehicles. The Mullen FIVE was named Top Zero Emission SUV as part of the ZEVA Awards at the Los Angeles International Auto Show in November 2021, and the company has filed more than 120 patents in 24 countries related to the vehicle.

Mullen is a Southern California–based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the company is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life. Mullen strives to make EVs more accessible than ever by building an end-to-end ecosystem that takes care of all aspects of EV ownership.

For more information about the company, visit www.MullenUSA.com.

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

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Aditxt Inc. (NASDAQ: ADTX) Authorizes New Channel Partner to Offer AditxtScore(TM) Amid Rising COVID-19 Cases and Possible Fall/Winter Waves

Aditxt, Inc. is a is a biotech innovation company developing and commercializing technologies focused on monitoring and reprogramming the immune system. The Company’s product AditxtScore(TM) is a proprietary immune mapping technology designed to provide a personalized profile of the immune system; AditxtScore(TM) for COVID-19 is the Aditxt’s first commercial product
Aditxt recently announced it had authorized a new channel partner – Premier Medical Laboratory Services (“PMLS”), a leading advanced medical diagnostics lab –to offer AditxtScore(TM)
This announcement comes amid reports warning of a fall and winter COVID-19 wave occasioned by waning immunity or a possible “nasty new variant”
Already, the U.S. is undergoing a sixth wave even before the start of the summer

During the one week to May 18, the U.S. averaged roughly 100,000 COVID-19 cases each day, representing an increase of more than 3x from the lowest figure reported in March, yet the numbers did not include at-home test results, according to a Washington Post article. The piece quotes experts’ assumptions that the infections in their communities are five to ten times the official counts (https://nnw.fm/u8fzM).

Despite the disparity in the reported figures, the sheer number of infections is still a cause for concern, with White House health officials urging Americans to stay up-to-date with vaccines and booster shots, get tested, and wear masks. And as the country ushers in the summer season, experts are quick to sound alarm bells, warning that this summer’s surge in COVID-19 cases could be worse than last year’s because the May 2022 cases were considerably higher than they were a year earlier.

“Federal officials have also warned of a possible fall and winter wave that could result in 100 million coronavirus infections driven by omicron subvariants that have shown a remarkable ability to escape immunity,” the article reads. Christopher Murray, Director of the Institute for Health Metrics and Evaluation, told the Washington Post that the anticipated spike in COVID-19 cases this fall and winter could be the result of a substantial dip in immunity or “some nasty new variant.” Already, the U.S. is undergoing a sixth wave even before the start of the summer (https://nnw.fm/J9GDO).

The immunity’s role in keeping SARS-CoV-2 – the virus that causes the COVID-19 disease – at bay has been recognized and appreciated by many experts and companies, one of which is Aditxt (NASDAQ: ADTX). Aditxt provides the AditxtScore(TM), a proprietary immune mapping technology designed to provide a personalized profile of the immune system.

Licensed from Stanford University, AditxtScore(TM) for COVID-19 is Aditxt’s first commercial product. It enables patients to know the level of protection that an immune response to the SARS-CoV-2 virus or vaccination confers them. This product can be used routinely to establish changes in immune response over time (immunity trends) and provide information crucial to understanding the virus, especially amid reports of a possible fall and winter wave. The results may also influence the vaccine-hesitant populace to take the vaccine, particularly when it is determined that they are not protected by antibodies.

Generally, the AditxtScore(TM) results offer information on whether an individual has antibodies that will protect them against the virus; if the antibodies are a result of vaccination or an immune response to a virus; whether the immune response is likely to protect against future infection; and the possible ways to minimize the risk of a future infection.

The benefits of AditxtScore(TM) will now be felt by an even larger population following a recent announcement that Premier Medical Laboratory Services (“PMLS”), a leading advanced medical diagnostics lab, has added this product to its list of testing services. Under the terms of this arrangement, PMLS is an authorized channel partner that will offer AditxtScore(TM) (https://nnw.fm/thVZz).

“As new variants emerge, we want to equip physicians with the most advanced tests that allow a comprehensive view of their patient’s health status,” commented Kevin Murdock, CEO of PMLS. “With AditxtScore(TM), individuals can make more informed decisions about whether vaccination, boosters, or other risk mitigation strategies are the right course of action for them.”

PMLS joins a list of channel partners that includes the Great Lakes Medical Laboratory, Inc., The Health Watchers, Physicians Stat Lab, Sphere Dx Laboratory, and HealthBar. These partners collect and ship samples to the AditxtScore(TM) Center, Aditxt’s high complexity CLIA-certified, CAP-accredited lab, where the specimens are prepped and profiled by a team of lab scientists trained at prestigious institutions. According to the company, the results are usually readied within 48 hours of specimens’ receipt (https://nnw.fm/gg75y).

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