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VIDEO – ThreeD Capital $IDK $IDKFF NAV Climbs To $1.27 But Much More Expected To Come As “Teenage” and “Cub” Investments In The Portfolio Are Just Starting To Hunt $IP $IPNFF $MTRX $RACMF $PKK.ca $PKKFF $GMBL

Posted by AGORACOM-JC at 6:36 PM on Monday, March 22nd, 2021
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A lion pride grows by continually nurturing new blood.  While new cubs are born every year and are nurtured for growth, the teenagers are groomed to prepare to take over leadership from the old guard. 

In the case of ThreeD Capital (IDK:CSE / IDKFF:OTCQB), the company’s portfolio might be too young for any old guards just yet …. but teenagers like Esports Entertainment Group (NASDAQ), Peak Fintech Group (Imminent NASDAQ), Loop Insights (Global Partnerships) and ImagineAR (Global Partnerships) are maturing very nicely with their long leadership years still ahead of them according to Chairman Sheldon Inwentash. 

ThreeD Capital prides (pardon the pun) itself on discovering great companies before everyone else … and it casts a wide net to find the best of the best ranging from completely disruptive companies to junior resources and mining companies .  

More importantly, Inwentash’s championship investment style has netted billion dollar exits in the past simply because he isn’t afraid to invest and be patient for markets to catch up to his great early ideas.  Case in point, he points out how he was early into Esports Entertainment Group on the OTC, with the market only now catching up to it as an $18 NASDAQ stock …. that is set to go much higher in the next 2 -3 years. 

As such, it’s like and ETF for ground floor investments that small cap investors would either be unable to find (private) or unable to participate in (early round accredited investors) 

More than just lip service, his last company commanded a market cap north of $1 Billion at its peak and now he’s looking to recreate the same success with IDK – only faster given the great and fast growing technology companies he is investing in. 

Will he do it?  He’s off to a good start so far by quietly making investments over the past couple of years that are now starting to pay off, as seen by his recently reported NAV (Net Asset Value) of $1.27.   

But that NAV is just scratching the surface when you consider the fact his teens have just barely started their hunting phase and he’s adding new cubs just about every week as of late. 

Watch this great interview … because when the king of the jungle roars, every small cap investor should be listening.

The PHAZER Universe is Coming to Liquid Avatar $LQID with Integrated Multi-Media, Avatars and #AR-Enhanced, Cinematic Collector #NFTs $IP $IPNFF $MOS.ca $MOGO.ca $CTZ.ca

Posted by AGORACOM-JC at 8:17 AM on Monday, March 22nd, 2021
  • Oasis Digital Studios is excited to announce that they have partnered with Apex Comics Group, founded by comic book industry veteran, Mariano Nicieza, to bring the PHAZER Universe and other published characters to Liquid Avatar as custom digital icons, integrated multi-media, Augmented Reality items and cinematic, AR enhanced Non-Fungible Tokens (NFTs).
  • A sneak peek of the program will be made virtually on March 26th and 27th at Comic Con International’s WonderCon.

TORONTO, ON and ERIE, PA and NEW YORK, NY / March 22, 2021 / Liquid Avatar Technologies Inc. (CSE:LQID)(OTC PINK:TRWRF)(FRA:4T51) Liquid Avatar Technologies, a global blockchain, digital identity and fintech solutions company together with ImagineAR Inc. (CSE:IP/OTC:IPNFF), an Augmented Reality platform company, reports that Oasis Digital Studios (“Oasis”) is excited to announce that they have partnered with Apex Comics Group, founded by comic book industry veteran, Mariano Nicieza, to bring the PHAZER Universe and other published characters to Liquid Avatar as custom digital icons, integrated multi-media, Augmented Reality items and cinematic, AR enhanced Non-Fungible Tokens (NFTs). A sneak peek of the program will be made virtually on March 26th and 27th at Comic Con International’s WonderCon.

Bringing images to life, Oasis is developing NFTs with cinematic quality, motion, sound, and special effects that make them true collectibles. Each Oasis Cinematic and AR Enhanced NFT will come complete with an Augmented Reality Experience through Liquid Avatar providing users the ability to showcase their NFTs in the virtual and real world. A cinematic trailer is available at the Oasis website – www.oasisdigitalstudios.com.

The integrated campaign, expected to launch in early Spring, will feature a series of limited-edition collector cinematic and AR enhanced NFTs, Liquid Avatar digital icons available in the Liquid Avatar Marketplace, and a fully immersive cinematic and 3D global Augmented Reality scavenger hunt powered by ImagineAR. A pre-sale waiting list is available for prospective purchasers and collectors at the Oasis website – www.oasisdigitalstudios.com.

“It’s truly exciting and extremely gratifying to be partnered with Liquid Avatar and Oasis! The Apex Comics Group characters have come to life in prose-novels, comic books, trading cards and posters; Avatars, Augmented Reality, and cinematic NFTs will propel these characters to brand new levels!” stated Mariano Nicieza, Apex Comics Group President and creator of Phazer Universe.

Non-Fungible Tokens (NFT) are digital assets that represent a wide range of unique tangible and intangible items, from art, comic books and collectible sports cards to virtual real estate and even digital sneakers. One of the main benefits of owning a digital collectible versus a physical collectible like a rookie card or a rare-minted coin is that each NFT contains distinguishing information that makes it both distinct from any other NFT and easily verifiable. This makes the creation and circulation of fake collectibles pointless because each item can be traced back to the original issuer.

ABOUT THE PHAZER UNIVERSE

This sci-fi action-adventure opus centers around Project: P.H.A.Z.E.R., a highly classified military project, created to study Alpha-Zachyon, a new type of energy and develop defenses against extraterrestrial invasion. Scientist Mark Moreno, head of the project, becomes the victim of a sabotaged experiment that sends him uncontrollably shifting through the time-stream where his altered molecular structure manifests different paranormal powers in every time-period he lands in. Hunted by a shape-shifting alien his daily existence is a fight for survival as he struggles to find a cure and return to the world he’s left behind.

Along the way, he makes unlikely alliances with Blackray, a hybrid humanoid who can breathe underwater, Agent Three Zero, a special-forces operative with a unique armored suit that allows her to detect camouflaged extraterrestrial beings, and the Cosmic Raiders, a quartet of super-powered women.

The Blue Sultan, an insane terrorist with a hidden past is also pursuing the secrets of Alpha-Zachyon energy to further his own ambitions for world domination. His mad schemes threaten to destroy the Earth.

Mark Moreno’s chase through countless time-periods culminates back on his present Earth with a final battle on the frozen wasteland of Antarctica, and the discovery of an ultimate, ancient weapon that could spell the end of mankind.

This is an exciting time for digital collectibles, avatars, digital identity augmented reality and NFTs,” said David Lucatch, CEO “Oasis, together with Liquid Avatar and ImagineAR are spearheading the drive towards immersive experiences integrated with Blockchain technologies.”

The Oasis AR Enhanced NFT experience will be available exclusively through the Liquid Avatar Mobile App, which features the ability to create digital icons that allow users to manage, control and create value from their biometrically verified digital identity, and is available in the Google Play and Apple App Store.

If you would like to join our mailing list and receive updates from the Company., please click here.

About ImagineAR – www.imaginear.com

ImagineAR Inc. (CSE:IP) (OTC:IPNFF) is an augmented reality (AR) platform, ImagineAR.com, that enables businesses of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds. Customers simply point their mobile device at logos, signs, buildings, (products, landmarks and more to instantly engage videos, information, advertisements, coupons,3D holograms and any interactive content all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The AR Enterprise platform supports both IOS and Android mobile devices and upcoming wearable technologies. The AR Platform is available as an SDK Plug-in for existing mobile apps.

All trademarks of the property of respective owners.

ON BEHALF OF THE BOARD

Alen Paul Silverrstieen President & CEO (818) 850-2490

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https://www.linkedin.com/company/imagination-park-technologies-inc

About Liquid Avatar Technologies Inc. –www.liquidavatartechnologies.com

Liquid Avatar Technologies Inc., through its wholly owned subsidiary KABN Systems North America Inc. focuses on the verification, management and monetization of Self Sovereign Identity, empowering users to control and benefit from the use of their online identity.

The Liquid Avatar App, available in the Apple App Store and Google Play is a verified Self Sovereign Identity platform that empowers users to create high quality digital icons representing their online personas. These icons allow users to manage and control their digital identity and Verifiable Access and Identity Credentials, and to use Liquid Avatars to share public and permission based private data when they want and with whom they want. www.liquidavatar.com.

KABN North America has a suite of revenue generating programs that support the Liquid Avatar program, including KABN KASH a cash back and reward program that has over 400 leading online merchants and coming soon, an integrated offering engine. In Canada, KABN also has the KABN Visa Card, a “challenger banking” platform that allows users to manage and control a range of financial services for traditional and digital currencies. The Company is currently exploring expansion of the KABN Visa program to other geographic regions, including the USA.

Oasis Digital Studios is a creative and development agency that supports a wide range of artists, talent, and enterprises with Non-Fungible Token (NFT) solutions.

Liquid Avatar Technologies Inc. is publicly listed on the Canadian Securities Exchange (CSE) under the symbol “LQID” (CSE:LQID).

The Company also trades in the US under the symbol “TRWRF” and in Frankfurt under the symbol “4T51”.

If you have not already joined our mailing list and would like to receive updates on Liquid Avatar Technologies Inc., please click here to join!

For more information, please visit www.liquidavatartechnologies.com.

For further information, please contact:

David Lucatch,
Chief Executive Officer
647-725-7742 Ext. 701
[email protected]

US and Canadian Media Contact:

Nicole Rodrigues
NRPR Group
[email protected]

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

All websites referred to are expressly not incorporated by reference into this press release.

Forward-Looking Information and Statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans,” “expects” or “does not expect,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates” or “does not anticipate,” or “believes,” or variations of such words and phrases or may contain statements that certain actions, events or results “may,” “could,” “would,” “might” or “will be taken,” “will continue,” “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include, but is not limited to, information concerning the timing for the launch of Liquid Avatar apps, the plans for future features of the Liquid Avatar apps, expected geographic expansion, the ability of the Company to generate revenues, roll out new programs and to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors.

By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: failure to obtain necessary approvals in a timely manner or at all; lack of sufficient capital to expand the Company’s geographic footprint or to add new features to the Company’s offerings; changes in general economic, business, and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected.

Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.

SOURCE: Liquid Avatar Technologies Inc.

First Tube Media Partners with Imagine AR $IP.ca $IPNFF to Bring Augmented Reality to Livestream Digital Experiences $DBO.ca $YDX.ca $SEV.ca $NTAR.ca $GRUB

Posted by AGORACOM-JC at 7:12 AM on Monday, March 22nd, 2021
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  • First Tube Media to Premiere First-Ever Grubhub Sound Bites Immersive AR Live Stream Concert
  • New AR capabilities will premiere at Grubhub Sound Bites next episode, featuring three-time Grammy winner Megan Thee Stallion ,  King Princess, and Noah Cyrus on March 26 to celebrate Women’s History Month.

VANCOUVER, BC and NEW YORK, March 22, 2021 /PRNewswire/ – First Tube Media , a branded live content innovation platform that delivers a continuous flow of premium video content resulting in clear ROI, announced today that it has selected to partner with Imagine AR (CSE: IP) (OTCQB: IPNFF) to bring augmented reality to its exclusive livestream programs. The new AR capabilities will premiere at Grubhub Sound Bites next episode, featuring three-time Grammy winner Megan Thee Stallion ,  King Princess, and Noah Cyrus on March 26 to celebrate Women’s History Month.

“As we push the limits of live digital experiences, incorporating augmented reality levels up what is possible for brands, and transforms how they can interact and connect with their audience,” said First Tube Media CEO and Founder, Andrew Beranbom . “We are constantly looking for new immersive offerings that bring the most innovative technology on the market to our events so that our partners can benefit in a meaningful and results-driven way and that’s exactly what AR is going to do.”

Through second screen immersion, First Tube Media will help brands build a community amongst their audience and increase viewer engagement by providing access to exclusive features and experiences delivered straight to the viewers’ mobile phone. From there, viewers can access unique features, behind-the-scenes AR experiences, and brand promotions, all while enjoying the live concert on their television, computer, or other viewing device. Users can simply scan a QR code provided during the event where they can gain access to perks including: backstage access, the opportunity to engage with animation, among other exciting benefits directly on their phone.

The AR capabilities will be first premiered at Grubhub’s popular virtual concert series, Sound Bites, which will feature performances by Megan Thee Stallion , winner of three Grammys including the 2021 Grammy’s New Artist Award, Noah Cyrus , and King Princess. Fans tuning in will be encouraged to scan customized QR codes that will pop up throughout the show to receive special discounts and perks, along with exclusive behind-the-scenes footage from King Princess, all powered from beginning to end by First Tube Media. Attendees can also enter to win a private meet and greet with the artists for themselves and three friends by visiting https://grubhub.stagecomp.com/ .  For every QR code scanned at one point during the live stream, Grubhub will donate $1 (up to $100,000 ) to World Central Kitchen. The free Sound Bites concert will take place on Friday, March 26 at 7 p.m. ET on the Grubhub YouTube channel. All proceeds from the event will go to World Central Kitchen to provide nourishing meals to help vulnerable communities impacted by the pandemic.

“We have been working with First Tube Media since before the pandemic hit, and when it did, their partnership helped us navigate and lean into fully digital live experiences. We’re thrilled to once again be among the first companies to embrace new technologies like AR to provide our customers with the most cutting-edge immersive events and rewards to enhance their at-home food delivery experiences,” said Jessica Burns , VP Brand Marketing and Creative at Grubhub. “With an event like the upcoming Sound Bites with three incredible women performers that all represent forward-thinking pioneers in their field, it’s also an exciting way to celebrate Women’s History Month.”

This type of web AR immersion within a digital live experience is pushing the boundaries of fan engagement, making it an innovative event that is breaking the ceiling of what is possible through interactive digital events. The second screen immersion alongside web AR, combined with customized brand benefits and live entertainment, all hosted by the largest home delivery service in the world is changing the standard for online events today and for the future.

“We have been innovating in the AR space for years, and we’re extremely excited to partner with First Tube Media to bring this technology to the live digital experience and event space where people are craving new ways to interact with the content especially during a time that in-person has been off the table,” said Alen Paul Silverrstieen, President and CEO of ImagineAR.

First Tube Media remains committed to being the leader in the next wave of connecting people virtually to events, concerts, performances and more. Through collaborations such as this, the company is paving the way through the new-normal and beyond by offering brands a solution through the seamless transition into livestreaming and staying connected, while also enjoying music and arts in a safe space.

About First Tube Media
First Tube Media is a leading branded live content marketing platform designed to deliver “always on” premium video content distributed at scale resulting in clear ROI. Founded in 2017 in Brooklyn, NY , FTM is a team of music experts, filmmakers, digital marketers and technologists that have put together a full-service approach that has powered thousands of livestreams delivering billions of views for some of the top brands in the world.

About Grubhub
Grubhub (NYSE: GRUB) is a leading online and mobile food-ordering and delivery marketplace with the largest and most comprehensive network of restaurant partners, as well as over 31 million active diners. Dedicated to connecting diners with the food they love from their favorite local restaurants, Grubhub elevates food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub features over 300,000 restaurants and is proud to partner with over 265,000 of these restaurants in over 4,000 U.S. cities. The Grubhub portfolio of brands includes Grubhub, Seamless, LevelUp, AllMenus and MenuPages.

About Imagine AR
ImagineAR Inc. (CSE: IP) (OTC: IPNFF) is an augmented reality (AR) platform, ImagineAR.com, that enables businesses of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds. Customers simply point their mobile device at logos, signs, buildings, (products, landmarks and more to instantly engage videos, information, advertisements, coupons,3D holograms and any interactive content all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The AR Enterprise platform supports both IOS and Android mobile devices and upcoming wearable technologies. The AR Platform is available as an SDK Plug-in for existing mobile apps.

VIDEO – KWESST $KWE.ca $KWEMF Hits A Key Milestone In The Digitization of The Modern Army $WRTC $BYRN.ca $PAT.ca $POWW

Posted by AGORACOM-JC at 4:10 PM on Wednesday, March 17th, 2021

If you haven’t heard of KWESST Micro Systems (KWE:TSXV) you’re not alone because the Company just listed for trading a couple of months ago – and it is probably the coolest new listing of 2020 if you love high-tech, covert defense systems that we only get to see in Tom Cruise movies.

KWESST is a leader in “soldier systems” which are technologies that increase the capabilities of soldiers,  Let’s be clear right off the start, KWESST doesn’t sell weaponry.  Rather, it sells technologies that make a big difference to the safety and effectiveness of soldiers.

For example, out in a field of combat, soldiers emit Electro Magnetic (EM) signatures that make them detectable by enemy combatants.  KWESST has a battlefield decoy system that creates multiple false phantom signatures to spoof adversaries.  This picture is worth 1,000 words.

soldier

Or perhaps the “TASCS” – Tactical Awareness and Situational Control System

An App and snap-on weapon adaptor that enables real-time streaming of situational awareness data of any kind from any source, including drones, direct to smart display devices and operational assets, for a common operating picture and networked engagement.

Devices-10

The company successfully achieved an important milestone under the contract announced in December 2020 for a key military customer.

This milestone entailed the integration of the Company’s TASCS IFM (Integrated Fires Module) for the 81mm Mortar Fire Control System into the Android Tactical Assault Kit (ATAK), the preeminent battlefield management system for NATO countries . As a result, the Company will now proceed to the next phase of the contract, involving live-fire trials at various U.S. military bases.

A world-first in digitizing the function of a mortar team, from the identification of the target to the aiming of the mortar.

We could go on about many other such technologies created by KWESST but this is AGORACOM after all and we want to get down to the business of KWESST, the highlights of which are as follows: 

  • A developer of next-generation systems for forces around the world, including those of NATO and its allies
  • A leadership team whose experience spans decades and hundreds of millions of dollars in military and homeland security contracts
  • A sales and distribution network of agents that spans the globe
  • Partnerships with globally recognized OEM’s, including Samsung
  • Received a follow-on order for $1.1 Million from a key US Military Customer. 

And last but not least, a secret weapon in its Executive Chairman David Luxton, whose companies under his leadership have generated over $1,000,000,000 (Yes, BILLION).

The soldier systems market is projected to hit $14.5 Billion by 2023 and, up until  now, small cap investors have never had a company to participate in this lucrative (and SUPER COOL) market.

AGORACOM Small Cap 60: @fansunite $FANS $FUNFF Well Positioned to Capitalize on Single Event Betting, Pending Approval In Canada $SCR.ca $BRAG.ca $GMBL

Posted by AGORACOM-JC at 12:49 PM on Monday, March 15th, 2021
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Watch #Beeple React to the Historic $69.3m Sale of His Digital #NFT Work at #Christie’s SPONSOR: Liquid Avatar Technologies $LQID $MOS.ca $MOGO.ca $CTZ.ca

Posted by AGORACOM-JC at 9:19 AM on Friday, March 12th, 2021

SPONSOR: The Liquid Avatar Technologies (LQID: CSE) Mobile App, available in the Apple App Store and Google Play is a verified Self Sovereign Identity platform that empowers users to create high quality digital icons representing their online personas. These icons allow users to manage and control their digital identity and Verifiable Access and Identity Credentials, and to use Liquid Avatars to share public and permission based private data when they want and with whom they want. www.liquidavatar.com.

VIDEO – Liquid Avatar $LQID and ImagineAR $IP $IPNFF Combine Forces To Launch Oasis Digital Studios to Support the Development, Management, and Distribution of #AR Enhanced #NFTs $MOS.ca $MOGO.ca $CTZ.ca

Posted by AGORACOM-JC at 8:54 AM on Wednesday, March 10th, 2021

Liquid Avatar Technologies (LQID: CSE) and ImagineAR (IP:CSE / IPNFF:OTCQB) are incredibly disruptive and on the cusp of unstoppable trends, which makes them both explosive but also so new that investors still need to wrap their minds around each of them, let alone both of them together.  The good news is that CEO’s from both companies (David Lucatch Liquid Avatar and Alen Paul Silverrstieen ImagineAR) have sat down with us to explain why their combination is the way all of us will be controlling and profiting from our online identities in the near future.

Before watching the video, here is a little about what you need to know about each company.

LIQUID AVATAR – Solves the major problem around our online identities and data. Through Liquid Avatar they provide each one of us with the power to manage and monetize our digital identity, which is an unstoppable trend as both a natural evolution of the web, as well as, legislation forcing big platforms to no longer share and profit from our personal online data.

IMAGINEAR – As the name implies, ImagineAR is an Augmented Reality Company that enables businesses to create their own mobile phone AR campaigns with no programming or technology experience.  AR is also an unstoppable trend – but don’t take our word for it.

Apple CEO Tim Cook stated “AR Will play an important role in how we use technology in the future – and promises to be as influential in our society as the smart phone”

The AR market is expected to grow to $200 Billion by 2025 from just $3.5 billion in 2017. .

Now you know why the combination of these two companies is so powerful and well worth your while to watch, listen and learn about what they are going to do.  The future is coming, so you might as well see it coming first.

VIDEO – Loop Insights $MTRX $RACMF Provides Venue Management Platform to NCAA Big West Conference Championships $AT.ca $QTRH.ca $SNSR $BSQR $PTS.ca

Posted by AGORACOM-JC at 5:36 PM on Tuesday, March 9th, 2021
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Loop Insights was selected by bdG Sports to provide its venue management platform to the Big West Conference Men’s and Women’s Basketball Championships being held March 9-13, 2021 at the Mandalay Bay Events Center in Las Vegas. 

bdG Sports CEO Brooks Downing stated: “Following the success of the Gulf Coast Showcase and the Vegas Main Event, Loop Insights was the obvious choice to provide its venue management platform to the Big West Championships at the Mandalay Bay in Las Vegas. We look forward to continuing our partnership with Loop Insights as we continue to provide safe and secure venues for NCAA athletes as they demonstrate their skills in preparation for the NCAA’s March Madness tournament.” 

Loop Insights CEO Rob Anson stated: “Loop Insights is proud to be selected once again as the venue management provider for bdG Sports and the Big West Conference Championships. The successful deployments of our venue management platform at the Gulf Coast Showcase and Vegas Main Event clearly demonstrate our ability to secure any venue through our complete end-to-end venue management solution. We look forward to working with bdG Sports once again to protect NCAA athletes, coaches, and staff.” 

Watch this powerful interview with Loop Insights CEO Rob Anson and bdG Sports CEO Brooks Downing.

@Novamind_Inc $NM.ca $NVMDF Reports Company Highlights and Strong Revenue Growth in Fiscal Second Quarter $RVV.ca $MMED $PSYC.ca $FTRP.ca $CMPS $NUMI.ca

Posted by AGORACOM-JC at 8:29 AM on Monday, March 1st, 2021
  • $1.29 million in fiscal second quarter revenue
  • Clinics see continued surge in demand for mental health services
  • Ongoing expansion of clinic capacity

TORONTO, ON / March 1, 2021 / Novamind Inc. (CSE:NM)(OTC PINK:NVMDF) (“Novamind” or “the Company”), a leading mental health company specialized in psychedelic medicine, today reported its fiscal second quarter results for the three months ended December 31, 2020 (“Fiscal Q2 2021″). The Company’s fiscal year-end is June 30th. All results are reported under International Financial Reporting Standards (“IFRS”) and in Canadian dollars, unless otherwise specified.

Fiscal Q2 2021 Highlights and Subsequent Developments

Financing and Public Listing

Novamind successfully closed an oversubscribed $10,000,000 financing on November 23rd, 2020. The funds were made available to the Company upon the completion of its reverse takeover (“RTO”) transaction and conditional listing approval from the Canadian Securities Exchange (“CSE”). The company ended the quarter with a cash balance of $10,868,742. With its strong cash position, Novamind is well-positioned to execute on its growth strategy to expand its network of mental health clinics, retreats and clinical research sites.

On January 5th, 2021, Novamind began trading on the CSE under the stock symbol “NM”. Less than two months after going public on the CSE, Novamind achieved the milestone of being included in the underlying index of the Horizons Psychedelic Stock Index ETF (NEO: PSYK) through a “Fast Entry” category, further increasing its profile with retail and institutional investors in the psychedelic medicine sector.

The Company announced on February 19th, 2021, that its common shares commenced trading under the symbol “NVMDF” on the OTC Market. In the near future, Novamind intends to apply to list its common shares on the OTCQB Market, an established marketplace in the United States for promising, innovative companies.

Operational Highlights

On January 28th, 2021, Novamind announced that it had reached two significant milestones at its Cedar Psychiatry mental health clinics: administering over 5,000 ketamine treatments since its opening in 2016, and administering over 2,000 Spravato™ treatments since the product became available in 2019. These milestones position Novamind as one of North America’s top providers of ketamine-assisted psychotherapy and Spravato™.

On January 13th, 2021, the Company announced the expansion and optimization of its Layton, Utah clinic. The redesigned Layton Clinic now offers improved treatment rooms to accommodate a higher number of ketamine and Spravato™ treatments. The Layton Clinic expansion comes in response to a significant increase in demand for ketamine therapies across Novamind’s mental health clinics. In 2020 alone, the Cedar Psychiatry clinic network facilitated over 20,000 client visits, an increase of over 100 percent compared to the same period in 2019.

On January 19th, 2021, Novamind announced the expansion of its leadership team with the appointment of Pierre Bou-Mansour, P.Eng., to the role of Chief Operating Officer. Mr. Bou-Mansour assumes the responsibility for ensuring operational excellence as Novamind develops its network of clinics, retreats, and research sites. An accomplished senior executive and leader, he brings a wealth of experience managing large and complex healthcare organizations. Prior to joining Novamind, Pierre served as the Chief Operating Officer of LifeLabs, a diagnostic laboratory services company he helped to scale into an industry leader with 5,700 employees and 370 patient access sites in Canada. Most recently, he served as the Chief Laboratory Operations Officer of Public Health Ontario, serving Canada’s largest province with over 14 million residents. In this role, Bou-Mansour successfully led the expansion of Public Health Ontario’s testing capacity for the COVID-19 response.

Strategic Investment in Bionomics

On February 11th, 2021, the Company announced that it had made a strategic investment of AU$827,486 (approximately CAN$810,000), in Bionomics Limited (“Bionomics”) (ASX: BNO, OTCQB: BNOEF, Germany: AU000000BNO5), a biopharmaceutical company dedicated to developing better treatments for central nervous system disorders. In addition, Cedar Clinical Research, a wholly owned subsidiary of Novamind, will be evaluated by Bionomics as a clinical research site to conduct Bionomics’ phase IIb clinical trial examining BNC210, a drug that has received Fast Track Designation from the U.S. Food and Drug Administration for the treatment of post-traumatic stress disorder (PTSD).

Impact of COVID-19

Novamind has not been significantly affected by the COVID-19 pandemic. As reported across multiple media outlets, the COVID-19 pandemic has resulted in a significant increase in the incidence of mental health problems, in particular anxiety and depression, conditions that are commonly treated by Novamind. The Company’s Cedar Psychiatry network of clinics continues to experience steady demand for mental health services, and this demand is anticipated to continue despite COVID-related restrictions.

Financial Highlights and Selected Consolidated Financial Information

In Fiscal Q2 2021, Novamind reported revenue of $1,288,828 primarily composed of patient services revenue from its network of four Cedar Psychiatry outpatient mental health clinics in Utah. This represents a 47 percent increase over the previous quarter ended September 30th, 2020.

The Company reported a net loss of $3,567,883 for the three months ended December 31st, 2020, as compared to a net loss of $493,614 for the prior quarter ended September 30th, 2020. The net loss for the second fiscal quarter was primarily due to expenses related to the Company’s listing on the CSE, and funding of capacity expansion at its Cedar Psychiatry clinics. This includes consulting expenses of $416,268, professional fees of $450,419, salaries and wages of $791,078, office and general expenses of $87,368, advertising and promotion expenses of $236,650, and stock-based compensation of $664,814. Additionally, there was $1,379,144 in RTO transaction costs in the quarter.

The following table presents selected financial information from the Company’s unaudited condensed interim financial statements for the three and six months ended December 31st, 2020, and periods ended December 31st, 2019.

The following information should be read in conjunction with the financial statements and management’s discussion and analysis, which are available under the Company’s SEDAR profile at www.sedar.com.

About Novamind

Novamind is a leading mental health company enabling safe access to psychedelic medicine through a network of clinics, retreats, and clinical research sites. Novamind provides ketamine-assisted psychotherapy and other novel treatments through its network of Cedar Psychiatry clinics and operates Cedar Clinical Research, a contract research organization specialized in clinical trials and evidence-based research for psychedelic medicine. Both Cedar Psychiatry and Cedar Clinical Research are wholly owned subsidiaries of Novamind. For more information on how Novamind is enhancing mental wellness and guiding people through their entire healing journey, visit novamind.ca.

Contact Information

Novamind
Yaron Conforti, CEO and Director

Telephone: +1 (647) 953 9512
Bill Mitoulas, Investor Relations
Email: [email protected]

Forward-Looking Statements

This news release contains forward-looking statements. All statements other than statements of historical fact included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations including the risks detailed from time to time in the Company’s public disclosure. The reader is cautioned not to place undue reliance on any forward-looking information. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable laws.

SOURCE: Novamind Inc.

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