PubCo Insight is a site that is dedicated to finding industry trends and providing research information for all sectors of the stock market. This includes providing insight on companies that trade on the NASDAQ, the New York Stock Exchange, the OTC Markets. Publicly traded companies are constantly providing business updates and financial reports to their shareholders. It’s not always easy to find this information so we here at PubCo Insight will be doing this for our readers on a regular basis moving forward. Here are the latest updates from some companies that we have been following.
The cannabis industry has been quiet as of late, ever since the MORE Act passed its vote in the House of Representatives at the beginning of April. A subsequent vote in the Senate that would be a pivotal step towards federal legalization has been postponed on more than one occasion. The Democratic group behind the proposed bill, led by Senate Majority Leader Chuck Schumer, has lost any steam it had gained in the House. While Schumer has cited he has discussed the plan with members of both parties in the Senate, the general feeling on Wall Street and in the media is that the MORE Act will not gain much momentum at the Senate vote.
Endexx did report its fiscal 2022 first quarter results for the three-month period ending December 31st, 2021. The company continued to add its products to retail shelves in the quarter with an addition of 1,800 mass retail drug stores for its core business and 1,000 mass retail stores for its men’s skin care and grooming line. Endexx reported quarterly revenue figures of $274,591 which represents an 85% year over year sales growth from this quarter in 2021.
iQSTEL has been one of the busiest companies that Pubco Insight has been watching so far in 2022. In the past few weeks, the company has added both Smartbiz and Whisl to its ever-expanding telecom portfolio. These two acquisitions alone will add an anticipated $11.6 million in annual revenue and $1.34 million in positive net income for the company. These are just two of the reasons why iQSTEL is on pace to grow its total annual revenue to $90 million in 2022.
CEO Leandro Iglesias, who frequently keeps his shareholders in the loop, offered a new positive message earlier this week. Iglesias noted that the company’s EVOSS electric motorcycles are preparing for a commercial launch in four different countries later this year. He also pointed out that the successes that iQSTEL have seen are setting the company up for its NASDAQ uplisting late this year. Shareholders should note that Iglesias did mention the bearishness in this current market environment. He noted that if the markets were still bearish later this year, iQSTEL would look to postpone its NASDAQ uplisting until a more bullish sentiment has returned.
A quieter last few weeks from CleanVision Corp after finishing off a busy month of March and April. Company CEO, Dan Bates and the subsidiary Clean Seas were hard at work forging partnerships with local governments in Morocco, Sri Lanka, and Puerto Rico. Just this past week, the pilot Pyrolysis project in Hyderabad, India officially was commissioned and will begin its 1.2 ton per day conversion of plastic waste into clean energy fuels. Look for more updates from the company as these projects begin to take shape in their respective markets.
Not much in the news from Clickstream either as it closed its successful beta launch of the Nifter NFT music platform. Nifter will be providing details of its full launch via its Discord server at some point in the near future. Until then, Clickstream is working hard to continue adding enhancements to its HeyPal social language learning app, as well as preparing for the launch of its Wowee World children’s education app.
SFLMaven has been busy getting ready for its Metaverse store that it is opening in Decentraland with the help of the company, Meta Skins Studios. Despite the ongoing volatility in the crypto markets, SFLMaven is going ahead with the imminent launch of its Metaverse store. The company has also noted that it is holding Bitcoin on its books showing its further investment in the digital currency and crypto space. Not surprisingly, SFLMaven has also added Bitcoin as a payment option for consumers at its wildly popular eBay store.
Despite the economic downturn, SFLMaven still managed to post $2.93 million in revenues last quarter, which represents a 7.5% year over year growth. Any growth in this market environment is impressive, and although we seem to be entering a recessionary period, SFLMaven has shown no signs of slowing down.
Earlier this month, Black Bird Biotech announced that it has officially gained registration in 43 States by the EPA, and applications are pending for six of the remaining states. Another major update from the company is the onboarding of a new Executive V.P. of Sales, William LoBell. Along with the marketing agency, Spire+, the first thing LoBell did in his new position was establish an Amazon store for MiteXstream. LoBell stated that “once, maybe twice in a career you have an opportunity to introduce a market-changing product like MiteXstream.” Needless to say LoBell is impressed with the new product he is in charge of sales for, also saying that he is “proud to promote a product that fosters a cleaner, safer, and healthier environment”.
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