MissionIR Small-Cap Investor Blog: 2020

Thursday, December 31, 2020

Cybin Inc. (NEO: CYBN) Targets Major Depressive Disorder with Breakthrough Therapy

Oregon is first state to permit supervised use of psilocybin, signaling shift in stigma
CYBN entering phase 2 of clinical study of sublingual psilocybin for the potential treatment of MDD
Newly discoverable data from psychedelic studies may potentially create entirely new marketplace of safe and effective drugs

Cybin (NEO: CYBN), a mushroom life sciences company, is working to become the first to bring a psilocybin drug to market targeting major depressive disorder (“MDD”). According to the National Institute of Mental Health, more than 18 million people in the United States — and 300 million people worldwide — experience major depression. Psilocybin has become a focus for academic institutions and companies whose clinical studies have been showing the effectiveness of psychedelics in mental health treatment. The stigmas around mushrooms are beginning to fade.

Most cities have decriminalized psilocybin, but Oregon is the first to permit supervised use statewide (https://ibn.fm/e3Spg). The passing of Measure 109 does not legalize the everyday use of psychedelic mushrooms but instead enables the regulated use of the shrooms in a therapeutic setting. Over the next two years, regulatory details will be worked out, including the qualifications required for therapists to use the mushrooms. The Oregon Health Authority will provide oversight for the program, and therapy recipients will undergo pre-screening, a supervised therapy session and post-use evaluation. Psilocybin is still considered a Schedule 1 drug.

Since 2018, the FDA has labeled psychedelic psilocybin a “breakthrough therapy” to treat MDD (https://ibn.fm/QCoge). This designation fast tracks the substance for clinical studies and for promising therapies that treat serious or life-threatening conditions and provide therapeutic benefits over available treatments (https://ibn.fm/REbvg).

On Nov. 4, 2020, John Hopkins Medicine researchers published their latest psilocybin study in “JAMA Psychiatry.” According to Alan Davis, PhD and adjunct assistant professor of psychiatry and behavioral sciences at John Hopkins University School of Medicine, the results could be a game-changer (https://ibn.fm/EY74h).

“The magnitude of the effect we saw was about four times larger than what clinical trials have shown for traditional antidepressants on the market,” said Davis. “Because most other depression treatments take weeks or months to work and may have undesirable effects, this could be a game changer if these findings hold up in future ‘gold-standard’ placebo-controlled clinical trials.”

Cybind is at the forefront of companies conducting clinical trials and is entering phase 2 of its clinical study of sublingual psilocybin for the potential treatment of MDD at the beginning of 2021. The study’s objectives are to determine the appropriate dosing, evaluate clinical efficacy, and assess the safety and tolerability of psilocybin.

The company seeks to partner with esteemed individuals and institutions leading the way in the research and development of pharmaceutical uses of psilocybin. This desire led to a partnership with the Toronto Centre for Psychedelic Science (“TCPS”) where some of the first academic research on micro dosing was published (https://ibn.fm/PI0t1). Both Cybin and TCPS have high standards for scientific rigor and transparency. CYBN believes that newly discoverable data from psychedelic studies can potentially create an entirely new marketplace of safe and effective drugs.

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

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

About MissionIR

MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

For more information, visit www.MissionIR.com

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MissionIRNewsBreaks – SRAX (NASDAQ: SRAX) Announces Extension of Right to Receive BIGtoken Special Dividend

SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through its SaaS platform, Sequire, has extended the expiration time for its previously announced special dividend right. The extension is from Dec. 31, 2020, to on or before 5 p.m., ET, on Dec. 31, 2021. SRAX issued the nontransferable right to receive at no charge a special dividend in September 2020. The right was issued to holders of the company’s Class A common stock as well as certain holders of the company’s common stock equivalents. The special dividend, if and when declared, will comprise such number and designation of the SRAX subsidiary BIGtoken Inc.’s securities as determined by SRAX management. The dividend right was originally set to expire on or before 5 p.m., ET, on Dec. 31, 2020. Today’s announcement extends that deadline to Dec. 31, 2021. Other information released by the company regarding the special dividend notes that it will be an analog security rather than digital, that it will not be a cryptocurrency, and that it is expected to be a fractional non-voting security, if and when issued.

To view the full press release, visit https://ibn.fm/MbGmm

About SRAX

SRAX is a financial technology company that unlocks data and insights for publicly traded companies. Through its premier investor intelligence and communications platform Sequire, companies can track their investors’ behaviors and trends and use those insights to engage current and potential investors across marketing channels. For more information about the company, please visit www.SRAX.com.

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

About MissionIRNewsBreaks

MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
Editor@MissionIR.com

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Supply Agreement with Chemours Represents Commitment to Re-Establish US Rare Earth Supply Chain

UUUU has signed three-year supply agreement with Chemours Company to obtain minimum 2,500 tons of rare earth and uranium-bearing natural monazite ore per year
CEO notes company’s excitement about working with Chemours to help “reestablish U.S. rare earth production”
Responsible production of REES, uranium from natural monazite ore is important complement to company’s existing programs

In what could be called a milestone moment in re-establishing a fully integrated REE supply chain in the United States, Energy Fuels (NYSE American: UUUU) (TSX: EFR) has announced a three-year supply agreement with the Chemours Company (NYSE: CC) (https://ibn.fm/XO0tG). The agreement calls for Energy Fuels to receive a minimum of 2,500 tons of natural monazite ore per year, one of the highest-grade rare earth element (“REE”) minerals in the world. Energy Fuels will process this monazite at its 100%-owned White Mesa Mill in Southeast Utah to produce a marketable mixed REE carbonate.

“We are extremely excited about working with Chemours to help reestablish U.S. rare earth production,” said Energy Fuels president and CEO Mark S. Chalmers. “Chemours is a leader in the U.S. heavy mineral sands industry, and, together we are now taking an important first step in returning the REE supply chain back to the United States. We look forward to working with Chemours in the future to expand our mutual contributions to this important initiative.

“This is a proud moment for Energy Fuels, as we deploy our unique capabilities to benefit both the environment and our shareholders,” he continued. “Energy Fuels already produces uranium, which is the fuel for clean, carbon-free nuclear energy. And we periodically produce vanadium, which is used in the production of steel, aerospace alloys, and advanced grid-scale batteries used to store renewable energy. The responsible production of rare earths and uranium from natural monazite sand ores is an important clean-technology addition to those programs.”

Energy Fuels has long been an advocate for efforts made by the U.S. government to address the country’s overreliance on critical minerals needed for clean energy and advanced technologies from foreign sources and re-establish the rare earth and uranium supply chains with U.S. companies.

“Energy Fuels stands ready to do our part in bringing uranium, vanadium and rare earth element processing and production back to the United States. We have led uranium industry efforts in Washington DC over the past three years to bring the issue of mineral supply chain security to the forefront, beginning with our Uranium Section 232 Petition, in which we asked the President to impose quotas on uranium imports,” said Chalmers earlier this year (https://ibn.fm/0II41). “Energy Fuels strongly supports the President’s declaration of a national emergency and invoking the Defense Production Act to free up the immediate government funding required to bring uranium production back to the United States and reduce our current dependency on imports from foreign adversaries, while also helping to fund U.S. vanadium and rare earth element production.”

This supply agreement is tangible evidence of the the company’s active efforts to do all it can to bring production of these essential minerals back to the United States. This agreement should provide Energy Fuels with the natural monazite ore it needs to provide almost 10% of total current U.S. REE demand.

In addition, UUUU is seeking additional natural monazite ore from other suppliers in order to increase its production. The company has the capacity to produce approximately 50% of U.S. REE demand in a mixed REE carbonate. Energy Fuels is also working with the U.S. Department of Energy to determine the possibility of processing other types of REE and uranium-bearing ores at the White Mesa Mill.

Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities; the company also produces vanadium from certain of its projects, as market conditions warrant. Headquartered in Colorado, the company holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the country today, has a licensed capacity of over 8 million pounds of U3O8 per year. The mill has the ability to produce vanadium when market conditions warrant and it was the largest U.S. supplier of high purity vanadium pentoxide in 2019. Energy Fuels is also completing final test-work for the production of REE carbonate from natural monazite ore, and expects to be in commercial rare earth production in 2021. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U3O8 per year.

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

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

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MissionIR (MIR)
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MissionIRNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Sells Interest in Italy-Based Canapar

Canopy Rivers (TSX: RIV) (OTC: CNPOF), through its wholly owned subsidiary, Canopy Rivers Corporation, on Wednesday announced its entry into a definitive share purchase agreement. Under the agreement, effective as of Dec. 30, 2020, with RAMM Pharma Corp. (CSE: RAMM), Canopy Rivers has sold its 49% common equity interest in Canapar Corp. to RAMM for consideration of up to $9.0 million. On closing, RAMM delivered a cash payment of $7.0 million to Canopy Rivers to purchase its 29,833,333 common shares in Canapar. The transaction also includes contingent consideration of $2.0 million, to be paid upon achievement of certain operational milestones and satisfied, at RAMM’s sole discretion, in either cash or through the issuance of common shares in RAMM to Canopy Rivers. “The divestment of our equity interest in Canapar represents an important reallocation of capital as we adjust our go-forward investment strategy,” said Narbé Alexandrian, president and CEO of Canopy Rivers. “We thank Canapar for their work and partnership. As Canopy Rivers turns a new page, however, it’s important to narrow our focus and recalibrate our capital deployment and exposure to better align with our new strategic direction.”

To view the full press releases, visit https://ibn.fm/hkeZX and https://ibn.fm/IUdMl

About Canopy Rivers Inc.

Canopy Rivers is a venture capital firm specializing in cannabis with a portfolio of 17 companies across various segments of the cannabis value chain. The company believes that bringing together people, capital and ideas raises the potential of the entire cannabis industry. By leveraging industry insights, in-house expertise and thesis-driven approach to investing, Canopy Rivers aims to provide shareholders exposure to specialized and disruptive cannabis companies. Canopy Rivers’ mission is to invest in innovators across the cannabis value chain, help them grow, and ultimately create value by guiding these companies towards a monetization event. Together with its portfolio, the company is helping build the cannabis industry of tomorrow, today. For more information, visit www.CanopyRivers.com.

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

About MissionIRNewsBreaks

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
Editor@MissionIR.com

Sustainable Green Team Ltd. (SGTM) Profitably Transforms Hurricane Waste into Environmentally-Beneficial Organic Products

Active hurricane season projected for 2021 according to recent report examining factors contributing to Atlantic basin hurricane activity
Hurricanes cause extreme damage due to strong winds, flooding and storm surges that create large amounts of natural waste
SGTM provides synergistic solutions to waste disposal problems created by hurricanes that benefit the environment

Not only did the 2020 hurricane season in the United States start early, but it broke records with so many storms that the National Hurricane Center used every name in its pre-determined list (https://ibn.fm/oaVg2). Meteorologists are now predicting that 2021 may be another active season that will likely result in serious repercussions on urban infrastructure and the environment (https://ibn.fm/TynAU). Sustainable Green Team (OTC: SGTM), a leading provider of environmentally-beneficial solutions for tree and storm waste disposal, will be on call to provide remediation efforts that divert natural storm waste from landfills and transform it into organic mulch products and playground surfacing material that benefit the environment.

Following a record 2020 hurricane season, 2021 is projected to be another active year, according to recently published research examining factors contributing to Atlantic basin hurricane activity. “Early indications are that 2021 could potentially be another active season,” said Phil Klotzbach a meteorologist from Colorado State University and specialist in Atlantic basin seasonal hurricane forecasts. “Right now, we have about a 50% chance of having an above-normal hurricane season.”

Hurricanes can cause extreme damage that results in physical, economic and environmental hardship. Strong winds can wield power so immense that they uproot trees and turn them into dangerous projectiles flying through the air. Accordingly, flooding can cause extreme damage to the foundations of buildings while destroying vehicles and vegetation. These two threats, however, pose moderate risks when compared to storm surges that cause the sea level to rapidly rise and then fall, decimating everything in their path as the hurricane makes its way onto land.

The consequences of these storms on people, infrastructure and the environment can be devasting, and the 2020 season was no exception. From its early start on May 14, 2020, the record-breaking season had so many storms that, for the second time in its history, the National Hurricane Center used every name in the pre-determined list and used the Greek alphabet for the remainder of the season.

SGTM played a significant role in the remediation efforts for many of these hurricanes, such as Hurricane Laura – an exceptionally violent storm that ravaged Louisiana and caused billions of dollars in damage (https://ibn.fm/DH632). Rather than allow the abundant tree and vegetative waste to add to the burden imposed on municipal landfills, SGTM acted quickly through its strategic partners to collect the waste and transport it to designated processing facilities for transformation into environmentally-beneficial products.

SGTM has grown and expanded throughout 2020 with numerous new contracts, strategic partnerships and operational investments that will enable the company to tackle whatever 2021 will bring its way. With a mission of protecting and serving the environment, SGTM is positioned to continue growing by offering services that transform serious problems into profits for the benefit of its clients and the communities the company serves.

To learn more about Sustainable Green Team Ltd., view the investor presentation at https://ibn.fm/6Kj3E.

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

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MissionIR (MIR)
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www.MissionIR.com
404.941.8975 Office
Editor@MissionIR.com

Wednesday, December 30, 2020

Knightscope, Inc. Adds Body Temperature Detection to Robot Security Products to Help Protect Facilities

The COVID-19 pandemic has sickened more than 78 million people worldwide, leading to the deaths of more than 1.7 million people
The pandemic has hammered businesses as society has attempted to lessen human contact in order to limit the spread of the virus responsible for the illnesses, especially as a growing number of employees of the stressed companies have needed sick leave
Autonomous Security Robot (“ASR”) developer Knightscope has enhanced its artificial intelligence-equipped sentries with elevated body temperature detection to help companies measure body temperatures of employees and visitors entering their facilities
The feature will help client companies protect their employees from virus transmission on their premises, potentially reducing liability concerns in the process

As vaccines to combat the novel coronavirus begin to rollout across the country, Americans are acknowledging that it may take weeks or a number of months before a significant reduction of the pandemic’s threat takes place (https://ibn.fm/px2Cy).

Autonomous security developer Knightscope has noted that one benefit of its robotic security teams patrolling select businesses and agencies across five time zones is that they are “immune and have been continuing to patrol across the country despite the pandemic” (https://ibn.fm/5356f).

Now, the robots are also helping to provide a sense of COVID confidence by enabling elevated body temperature detection from wherever the sentries are located.

“The Centers for Disease Control and Prevention indicates that a person with a temperature of 100.4 degrees or greater has a ‘fever,’ a symptom of COVID-19,” a recent Knightscope announcement states (https://ibn.fm/r5Z8W). “In an effort to help combat the spread of COVID-19, Knightscope developed a way for its clients to measure body temperatures of employees and visitors entering a facility.”

The Pew Research Center reported in March that 24 percent of workers didn’t have access to any kind of paid sick leave prior to the pandemic, as noted in The Deseret News (https://ibn.fm/Z4f6T). Only 13 states currently require employers to offer paid sick leave. Fewer states passed temporary new measures in response to the coronavirus. But the need for sick workers to stay home if they’ve been infected means that businesses are not only under pressure as staffing levels become more critical, but also in dealing with the financial realities that their employees are wrestling with.

Knightscope’s new solution ultimately protects companies and their employees from the threat of virus transmission in the workplace as well as from the traditional external safety issues surrounding potential crime, fire and property damage matters.

“Our long-term ambition is to make the United States of America the safest country in the world,” the company’s website states.

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

Visit www.Knightscope.com/invest for a summary of Knightscope as an investment, with a blue Instant Messaging button for direct contact with their CEO.

DISCLAIMER: You should read the Offering Circular and risks related to this offering before investing. This Reg A+ offering is made available through StartEngine Primary, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

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

About MissionIR

For more information, visit www.MissionIR.com

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
Editor@MissionIR.com