| OTC Markets Launches Cannabis Index |
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OTC Markets announced the launch of the OTCQX® Cannabis Index (OTCQXMJ), a new performance benchmark for cannabis companies trading on the OTCQX Best Market.
The OTCQX Cannabis Index is designed to highlight for investors the diversity of high-quality Cannabis companies that meet the financial, disclosure and corporate governance standards required to trade on the OTCQX Market. Currently, there are over 450 securities from 27 countries traded on OTCQX. Eligible securities for the OTCQX Cannabis Index must be traded on OTCQX, be identified as having operations in the Cannabis space, and meet a minimum liquidity screen.
"The exponential growth in publicly-traded cannabis securities underscores the willingness of these companies to provide efficient trading and enhanced disclosure for investors," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "As an ATS, OTC Markets Group benefits from a unique business model that allows us to disrupt the exchange model and be nimble in our approach to develop standards that scale to emerging sectors. The OTCQX Cannabis Index provides another tool for the investing public to better identify, measure and track the performance of this global industry as it progresses over time."
As of May 31, 2019, roughly 56 cannabis-related securities trade on the OTC Markets Group's premium OTCQX Market. Thirty of these securities make up the OTCQX Cannabis Index and account for approximately 25.28% of total year-to-date dollar volume in OTCQX securities.
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| Catasys (NASDAQ: CATS) Adds Canary Health to OnTrak Platform |
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Catasys (NASDAQ: CATS), a leading AI and technology-enabled healthcare company, today announced a strategic partnership with digital therapeutics company Canary Health.
Key Quote: “Catasys has built a unique, proprietary approach to engaging health plan members with unmet behavioral health needs who also suffer from chronic disease. Offering this population digital access to Canary Health’s online program is yet another way we are expanding our platform to address chronic disease directly.” — Terren Peizer, Catasys chairman and CEO
What’s Next: Company generated record revenue of $15.2 million in FY18, up 96.7% YoY. Going forward, the Company reiterates 2019 GAAP revenue guidance of $35 million.
The Backstory: Catasys harnesses proprietary big data predictive analytics, artificial intelligence and telehealth, and human intervention to deliver improved member health and cost savings to health plans through integrated technology enabled treatment solutions. The mission of the Company is to provide access to affordable and effective care, thereby improving health and reducing cost of care for people who suffer from the medical consequences of behavioral health conditions. Catasys helps these people and their families achieve and maintain better lives.
Disclosure
Catasys (NASDAQ: CATS) is a client of RedChip Companies, Inc. CATS agreed to pay RedChip Companies, Inc. a monthly cash fee for RedChip investor awareness services and consulting services.
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| ThinkEquity Issued a Research Update on cbdMD (NYSE American: YCBD) with $8 Price Target |
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ThinkEquity, a division of Fordham Financial Management, issued a research update on cbdMD (NYSE American: YCBD) in late May, giving the stock an $8 price target. Contact a RedChip specialist (1-800-RedChip or info@redchip.com) today to request a copy of the report.
The Backstory: cbdMD produces and distributes various consumer cannabidiol (CBD) products under the cbdMD brand in the United States. Its products include tinctures, capsules, gummies, bath bombs, vape oils, topical creams, and animal treats and oils. The Company sells its products directly to consumers through the Company website, as well as 2,000 nonaffiliated stores in 40 states. The Company was founded in 2017 and is based in Charlotte, North Carolina.
In its first year, cbdMD had sales of just over $7 million, of which over 80% was online. Sales for cbdMD products have grown throughout the year, from just under $600k in the quarter ending March 31, 2018, to over $5.7 million in the quarter ending March 31, 2019.
What’s Next: The Company will continue to expand its sales force, targeting increased retail distribution. The Company has increased retail store count from 600 doors to over 2,000 doors since December and continues to see strong demand on the brick and mortar retail front. Since we are in the infancy of the CBD market, the cost to acquire customers is likely at its lowest point right now. Because of this, the Company is investing aggressively for brand promotion and customer acquisition.
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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| Valeritas (NASDAQ: VLRX) Expects First Quarter Revenue of $6.4 million |
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Valeritas Holdings (NASDAQ: VLRX), a medical technology company and maker of the V-Go® Wearable Insulin Delivery device, announced it expects to report revenue of approximately $6.4 million for the first quarter ended March 31, 2019. In addition, Valeritas does not expect any significant changes from its first quarter 2019 guidance that it released on March 5, 2019, as the Company will achieve all metrics it provided guidance on for the quarter.
Key Quote: “I am very pleased with the first quarter results and all signs currently indicate this momentum should continue throughout 2019.” — John Timberlake, President and CEO of Valeritas
The Backstory: Valeritas is a commercial-stage medical technology company focused on improving health and simplifying life for people with diabetes by developing and commercializing innovative technologies. Valeritas’ flagship product, V-Go® Wearable Insulin Delivery device, is a simple, affordable, all-in-one basal-bolus insulin delivery option for patients with type 2 diabetes that is worn like a patch and can eliminate the need for taking multiple daily shots. V-Go administers a continuous preset basal rate of insulin over 24 hours, and it provides discreet on-demand bolus dosing at mealtimes. It is the only basal-bolus insulin delivery device on the market today specifically designed keeping in mind the needs of type 2 diabetes patients. Headquartered in Bridgewater, New Jersey, Valeritas operates its R&D functions in Marlborough, Massachusetts.
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| eSports Entertainment (OTCQB: GMBL) Applies for NASDAQ Listing |
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eSports Entertainment Group (OTCQB: GMBL) announced that it has applied to list its common shares on the NASDAQ Capital Market. The listing of the Company's common shares on the NASDAQ remains subject to the approval of NASDAQ and the satisfaction of all applicable listing and regulatory requirements. The Company will continue to maintain the listing of its common shares on the OTCQB under the symbol "GMBL."
Why It Matters: This application to list on NASDAQ follows the Company’s announcement on May 3, 2019 of the filing of a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed offering of its securities. Though the number and type of securities to be offered and the price range for the offering have not yet been determined, the proposed maximum aggregate offering is $11,500,000.
Key Quote: “Given the tremendous progress of our esports betting platform, including partnering with more than 190 esports teams from around the world, we believe the Company is now well positioned to pursue additional growth opportunities. A NASDAQ listing, if successful, will broaden our access to a larger and international group of investors as we seek to become a truly global company.” — Grant Johnson, CEO
The Backstory: Esports Entertainment Group is a licensed online gambling company with a specific focus on esports wagering and 18+ gaming. Esports Entertainment offers bet exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience at vie.gg. In addition, Esports Entertainment intends to offer users from around the world the ability to participate in multi-player mobile and PC video game tournaments for cash prizes. Esports Entertainment is led by a team of industry professionals and technical experts from the online gambling and the video game industries, and esports.
Disclosure
Esports Entertainment Group, Inc. (GMBL) is a client of RedChip Companies, Inc. GMBL agreed to pay RedChip Companies, Inc. a monthly cash fee for six (6) months of RedChip investor awareness services.
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| CryptoCurrencyWire: ChineseInvestors.com (OTCQX: CIIX) Providing News, Investment Education to Chinese-Speaking Subscribers |
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ChineseInvestors.com (OTCQB: CIIX), a premier website that delivers financial information to Chinese-speaking investors, recently expanded its horizons to include cryptocurrency education products and services.
An article on CryptoCurrencyWire further discussing the company reads: “While continuing to provide real-time market commentary, analysis and education-related products and services, CIIX has expanded its lineup to include several cryptocurrency products. The first, www.NewCoins168.com, is a free portal that provides news and investment education in the Chinese language. That news and education covers cryptocurrency basics, trading guidelines, market commentary and analysis regarding cryptocurrency, blockchain technology and mining, as well as other opportunities for subscribers to capitalize on the cryptocurrency market.”
To view the full article, visit: http://ccw.fm/pJK14
The Backstory: ChineseInvestors.com is a fast-growing company targeting Chinese consumers and investors in North America. CIIX provides financial commentary to Chinese Americans with the latest news on the U.S. equity and cryptocurrency markets.
CIIX is one of the first Chinese American public companies focused on selling CBD products on ChineseCBDoil.com, one of the world’s first online stores in the Chinese language offering industrial hemp-derived CBD products. In addition, the Company launched its first pop-up kiosk in the Glendale Galleria mall in California to sell CBD products in the Chinese language.
Disclosure
ChineseInvestors.com (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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| eMARINE Global (OTC: EMRN) Awarded RMS Development Project from Hyundai Global Services |
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eMARINE Global (OTC: EMRN), a leading provider of information and communications technology (ICT) for the maritime industry, signed a contract with Hyundai Global Services (Hyundai) to develop Remote Maintenance System (RMS) for new build ships delivered by the world-leading shipbuilder.
Why It Matters: The RMS system will enable ship owners to remotely monitor navigation status, weather conditions, engine operation status, and other critical system operations on a 24/7 basis, providing anytime anywhere access. Under a previous contract with Hyundai, eMARINE Global developed the Marine IoT devices that are attached on shipboard equipment to acquire and transfer operational data to its cloud-based RMS system.
Key Quote: “The development of an RMS platform for Hyundai Global Services further secures our leadership position in the growing Marine IoT space. We look forward to deepening our relationship with Hyundai as we work together to develop a smart ship application that delivers customer satisfaction and the value-added features the market demands.” — Ung Gyu Kim, Chairman and CEO
The Backstory: Founded in 2001 and based in South Korea, eMARINE Global is working with a growing base of marquee customers to achieve maritime ICT convergence through fully integrated products and services, offering state-of-the-art e-navigation, marine Internet of Things (IoT), and marine big data solutions, primarily in Korea with near-term expansion into U.S. and Chinese markets.
Disclosure
eMARINE Global (OTC: EMRN) is a client of RedChip Companies. RedChip Companies, Inc. owns 613,000 shares of EMRN common stock.
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| SinglePoint (OTCQB: SING) Acquisition Direct Solar Secures $421,808 in Solar Contracts in Second Half of May |
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SinglePoint (OTCQB: SING) announced its Direct Solar subsidiary secured $421,808 in solar installation contracts since completion of the acquisition. Sales are recorded on a cash basis which happens at the time of project completion typically occurring within 60-90 days. SinglePoint expects most of the revenue driven so far by Direct Solar to be recorded on Q3 financial statements.
Key Quote: “We are very pleased with the performance of Direct Solar and their entire team. Since closing the acquisition, they have really outperformed everyone’s initial expectation. The goal was $1,000,000 a month after 90 days, and it would appear we are going to hit that sooner than anticipated. In addition to this major success in residential the team is also working on a small business funding relationship that would provide Direct Solar the ability to qualify small business customers and lend out up to $100,000,000 for solar projects. The funding for this market is very sparse right now and we believe this option with our funding partner will put us in the leadership position to attack this major market.” — Wil Ralston, President
The Backstory: SinglePoint is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the Company is providing products and services to the cannabis industry.
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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| Quote of the Week |
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"You may have to work 10 years on a company to make it successful and achieve a healthy return on your investment."
-Phil Sassower, Chairman Phoenix Group |
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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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