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Cybernetic Technologies Ltd (OTCMKTS: HPIL) Major Runner as Subsidiary Apogee Dynamics Ltd Launches Electric Vehicle; APOGEE D7

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Cybernetic Technologies Ltd (OTCMKTS: HPIL) is a bull runner with big short- and long-term catalysts that is quickly becoming the darling of small caps and investors among the most actively searched and talked about stocks in small caps. Currently under heavy accumulation HPIL is a volume leader regularly topping $5 to $10 million in daily dollar volume ($5.8 million today) that is moving steadily northbound with new investors buying in every day. HIPL is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – HIPL is currently on a collision course with $0.0119 previous highs, a break over and its blue skies ahead. Short- and long-term catalysts abound including a self-charging electric vehicle, blockchain technology and a VR software suite. 

HPIL has been making one big move after the other since top level music executive Stephen Brown of Crank Media who took his last Company from nothing to value at over $500 million on the NASDAQ took over the Company. HPIL officially changed its name to Cybernetic Technologies, Ltd. affected a major share reduction with plans to change its ticker symbol to CYBT. CEO Stephan Brown is aggressively focused on up listing to OTCQB with the longer-term plan of uplifting to the NASDAQ. In the shareholders call from July 2, Mr. Brown stated he wants to get HPIL there by next year. Management started the process of up listing in April and have recently stated they are days away from up listing to OTCQB. HPIL has also joined forces with a group led by L. Ferrox Tutinean to launch Apogee Dynamics Ltd a company that Cybernetic Technologies is a majority owner. Apogee Dynamics was developed for the purpose of developing a battery power source that will never need charging while in use for such vehicles as Automobiles, Boats, and many other forms of transportation. The Company is also developing its own electric vehicle named “APOGEE D7” using the powertrain developed by L. Ferrox Tutinean and Apogee Dynamics Ltd.  

Cybernetic Technologies Ltd (OTCMKTS: HPIL) operating out of Vancouver, Canada is a worldwide diversified company developing projects with cutting edge technology. New HPIL CEO Stephen Brown is the founder of a successful Independent Record label in the 90’s, Mr Brown went on to form a ground breaking streaming video company called Vidnet with the vision that the Internet would eventually have a major position in the Music and Film distribution market. Vidnet became one of the top entertainment sites on the web, streaming over 5 million videos monthly and providing content to such companies as British Telecom, Microsoft, Disney, Lycos, Alta Vista and many more, along with industry alliances such as entertainment giants, Sony Music, Warner Bros and EMI Capital. Vidnet had one of the world’s largest collections of music videos on line. Mr Brown built the company from 5 to over 100 employees; and also took the company public on the NASDAQ, reaching a market cap of over $500M.   

Joining the HPIL executive team is David Postula as President. David is a seasoned senior executive with broad experience driving strategy, business optimization and revenue growth across a number of technology segments. He has a true passion for new technology and business strategy, which he brings to his role with Crank Virtual a division of Crank Media. Prior to joining Crank Virtual, David was Vice President of Strategy and Business Development for Tower Semiconductor, where he was responsible for driving strategy, roadmaps, and both customer & partner alliances in support of $1B of 2020/2021 Revenues. Before that, David was the Vice President of NA Sales at Global Foundries, where he co-created, implemented and executed a sales strategy that exceeded new customer and revenue targets by 20%.  

https://twitter.com/OTseeGEMS/status/1412154207491215362

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HPIL

HPIL has recently acquired World Gaming Group Inc, who over the past 18 months have been involved in blockchain projects and have developed “GAMEZCASH” and “TUNEZCASH” that are to be used as a new form of currency in the esports/gaming world and the online music industry. The Company plans to utilize its acquisition of World Gaming Group to implement its blockchain assets. They also acquired 100% of NFT Procurement Ltd an emerging leader in the highly lucrative NFT space that already owns a large database of 100s of domains some of which are very unique and valuable. 

Perhaps the most exciting part of HPIL is Apogee Dynamics Ltd. The Company joined forces with a group led by L. Ferrox Tutinean to launch Apogee a Company that Cybernetic Technologies is a majority owner. In regards to Apogee Dynamics we learned in the call that a major investors and shareholder in the Company contacted Stephan Brown about L. Ferrox Tutinean self-charging drive train. It is a highly disruptive early-stage technology that allows electric cars, boats and motorcycles to be charged while in use instead of being charged by plugging them in like tesla and other EVs. This technology is still in its early stages however Stephan Brown has been making rapid progress. The Apogee Dynamics website should also be updated in the next 30 days and Mr. Brown has already teased some developments with the D7 as well as key partnerships.  

Several weeks ago, HPIL announced it has decided to develop its own electric auto named “APOGEE D7” using the powertrain developed by L. Ferrox Tutinean and Apogee Dynamics Ltd. The plan for the new Apogee D7 is a 4-seater vehicle that will not only use the new Apogee powertrain it will have up to 10 partners all utilizing their DISRUPTIVE business models from Technology, Green, Materials and Media that will challenge the future of the auto industry as it is known today. All partners will have their imprint on the vehicle and will be an instrumental part of its functionality. We look to have the Apogee D7 website up within the next 45 days” said Stephen Brown CEO.  

On July 8 HPIL announced it has finished building “ZIPPA” a unique multi gaming global platform for gamers that is set to launch on September 1, 2021. The platform will be housed at www.zippa.gg and is set to compete with the likes of “TWITCH”,”TIKTOK and “TRILLER”. HPIL CEO Stephan Brown stated: “This platform is so unique where all gamers can join on many different levels and will be able to earn the token called GAMEZCASH and use it to purchase many items supported by the associate vendors on Zippa. This has been under development and now almost ready to launch.”  

https://twitter.com/acalds9/status/1413247040625250307

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Cybernetic Technologies is a bull runner with big short and long-term catalysts that is quickly becoming the darling of small caps and investors among the most actively searched and talked about stocks in small caps. Currently under heavy accumulation HPIL is a volume leader regularly topping $5 to $10 million in daily dollar volume ($5.8 million today) that is moving steadily northbound with new investors buying in every day. HIPL is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – HIPL is currently on a collision course with $0.0119 previous highs, a break over and its blue skies ahead. Short- and long-term catalysts abound including a self-charging electric vehicle, blockchain technology and a VR software suite. HPIL has been making one big move after the other since top level music executive Stephen Brown of Crank Media who took his last Company from nothing to value at over $500 million on the NASDAQ took over the Company. HPIL officially changed its name to Cybernetic Technologies, Ltd. affected a major share reduction with plans to change its ticker symbol to CYBT. CEO Stephan Brown is aggressively focused on up listing to OTCQB with the longer-term plan of uplifting to the NASDAQ. In the shareholders call from July 2, Mr. Brown stated he wants to get HPIL there by next year. Management started the process of up listing in April and have recently stated they are days away from up listing to OTCQB. HPIL has also joined forces with a group led by L. Ferrox Tutinean to launch Apogee Dynamics Ltd a company that Cybernetic Technologies is a majority owner. Apogee Dynamics was developed for the purpose of developing a battery power source that will never need charging while in use for such vehicles as Automobiles, Boats, and many other forms of transportation. The Company is also developing its own electric vehicle named “APOGEE D7” using the powertrain developed by L. Ferrox Tutinean and Apogee Dynamics Ltd. We will be updating on HPIL when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with HPIL.

Disclosure: we hold no position in HPIL either long or short and we have not been compensated for this article.

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1 Comment

1 Comment

  1. Nancy H.

    July 24, 2021 at 1:47 am

    Very helpful! Found out what happened to several sub-pennies I got v. early & cheap-like Tesoro (a local CN contractor supplier) before it went through “spac” process!
    Cytodyne too! Have owned at least 18 sub-pennies that went big-after mutual-fund loving spouse said, “no-good”! Now I have your backing!! Thx!
    Also the trade exam& training u-turn in midst of C-19 debacle! Very positive as an even bigger outside training resource for larger & larger Co’s up to Fortune 500! Add in new to me, HIPL+ power train concept! Similar to one of my concepts! Family of engineers, inventors since 1830’ies! LOL!
    So very grateful for the detailed coverages! Invaluable!

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Emerging Markets

Lucy Scientific Discovery’s (NASDAQ: LSDI) Game-Changing Move: A Closer Look at the High Times Acquisition

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On August 8th, 2023, Lucy Scientific Discovery Inc. (NASDAQ: LSDI), a leading developer in the psychedelic drug industry, witnessed an impressive surge in its stock value, gaining approximately 25% in combined trading, including after-hours (AH) trading. The British Columbia-based company made headlines by announcing its strategic move to acquire intellectual property (IP) from the renowned cannabis publication, High Times Holding Corp. (HHC).

Additional Background:

Under this agreement, Lucy will exchange 20% of its shares and a series of payments for access to HHC’s valuable IP portfolio, which includes the rights to generate licensing and royalty income from renowned brands like High Times, 420.com, and Cannabis Cup, along with their associated domain names.

Lucy’s commitment involves making semi-annual payments to HHC over a five-year period, structured around earnings before income, taxes, depreciation, and amortization (EBITDA) generated through the acquired IP. The flexibility exists for Lucy to fulfill these payments either in cash or through stock issuance and the announcement is generating considerable interest.

Furthermore, post-acquisition, Lucy will grant High Times the opportunity to operate retail outlets and distribute THC products bearing these prestigious brands within the United States. This privilege comes in exchange for an annual license fee of $1 million, set to double to $2 million annually once federal legalization of cannabis occurs in the country.

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Leveraging the brand rights secured from HHC, Lucy aims to bolster its revenue streams by expanding and enhancing its existing 18 licensing agreements, both domestically and internationally. These arrangements encompass a wide array of consumer products and merchandise, promising to further establish Lucy’s presence in the global market. The acquisition is expected to be finalized within the coming two weeks, marking a significant strategic move for Lucy Scientific Discovery Inc.

As a result of the acquisition, High Times is now a publicly-traded entity. Lucy anticipates that this agreement will contribute over $10 million in revenue to its financial results in the upcoming year, along with $5 million in EBITDA.

Adam Levin, the Executive Chairman of HHC, expressed optimism about the deal, noting, “This transaction will create exciting new growth opportunities for the High Times brand, under the leadership of Richard Nanula, a seasoned executive with extensive experience in major consumer brands and global corporations.”

Levin also emphasized High Times’ enthusiasm in becoming a significant shareholder of Lucy Scientific Discovery. Notably, Lucy completed its initial public offering and Nasdaq listing in February, offering 1,875,000 shares at $4.00 each.

Richard Nanula, CEO of the British Columbia-based company, shared his outlook on the acquisition, stating, “Lucy expects this acquisition to rapidly generate high-margin revenue within the global cannabis sector.”

In recent developments, Lucy introduced the sleep aid product “Twilight,” which includes amanita muscaria and reishi mushrooms. Additionally, the company joined forces with Wesana Health Holdings Inc. (OTCQB: WSNAF) in March to collaborate on the development of the CBD and psilocybin-based drug SANA-013, targeting conditions such as migraines, cluster headaches, and major depressive disorder.

High Times, founded in 1974, has a rich history, featuring works by renowned writers like Truman Capote and Hunter S. Thompson. Since 1988, its Cannabis Cup has stood as the most prestigious cannabis competition globally, with notable judges including Snoop Dogg, Joe Rogan, Tommy Chong, and other prominent figures in the cannabis industry.

While Lucy’s shares showed a nearly 16% increase to reach $0.68 on the Nasdaq exchange on Friday, it is worth noting that they have experienced a decline of over 77% over the past year.

Macro Trend:

In recent times, our articles have prominently featured cannabis-related topics, reflecting the growing popularity of stocks in this sector. LSDI’s acquisition aligns perfectly with the current climate, as the cannabis industry experiences a significant surge, coinciding with the Health and Human Services (HHS) exploring the possibility of reclassifying cannabis from Schedule I to Schedule III of the Controlled Substances Act.

While many countries around the world have already moved towards decriminalization and legalization, the United States has been relatively cautious in its approach. However, the consideration of such a reclassification represents a potential historic turning point. If such a change were to materialize, it would mark a substantial shift in the regulatory landscape, potentially revitalizing cannabis as an attractive investment opportunity. The industry is already showing signs of reestablishing its market presence and could once again become a noteworthy investment option.

We will update you on LSDI when more details emerge, subscribe to Microcapdaily to follow along!

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

Picture by herbalhemp from Pixabay

 

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Emerging Markets

WM Technology’s (NASDAQ: MAPS) Stock Surges 91% in Mysterious Rally: What’s Behind the Boom?

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WM Technology’s (NASDAQ: MAPS) stock has exhibited remarkable growth, surging by an impressive 91% since August 16th, 2023. Intriguingly, this surge occurred in the absence of any substantial news or filings from the company, with their most recent release dating back to August 23rd, 2023. This limited information raises the question: What is driving this impressive rally? We will delve into the details below to shed light on the matter.

Cannabis Industry:

If you’ve been following our newsletter, you may have noticed our recent article spotlighting Flora Growth Corp. (NASDAQ: FLGC), along with larger players like Cronos Group Inc. (NASDAQ: CRON), and Canopy Growth Corporation (NASDAQ: CGC).

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In case you haven’t had a chance to read it, you can find the article here, featuring a dedicated section on the broader trends shaping the cannabis industry.

For those seeking a quick summary, a significant development has emerged in the cannabis landscape. A high-ranking official at the Department of Health and Human Services (HHS) has proposed moving cannabis from Schedule I to Schedule III of the Controlled Substances Act. This shift marks a historic moment and comes after a comprehensive yearlong investigation requested by President Biden.

It’s worth noting the potential implications of this change for U.S.-based, plant-touching marijuana companies. Currently, these companies are restricted from trading on major exchanges like the NYSE or NASDAQ and are relegated to smaller markets such as the OTC, or smaller Canadian markets like the TSX, CSE, or NEO.

The CEO of Trulieve Cannabis Corp. (OTC: TCNNF), Kim Rivers delves into these implications in a podcast conversation with a Twitter user known as @stock_mj. She also recommends keeping a close eye on the AdvisorShares Pure US Cannabis ETF (MSOS) as the cannabis sector garners increasing attention from investors.

Weedmap’s Earnings:

To evaluate the potential of MAPS, it’s essential to examine their recent earnings and assess the fundamentals. Here’s a brief overview of the news release.

Revenue: Amounted to $50.9 million, representing a decline compared to the same period in the prior year when it reached $58.3 million.

Net Income: Recorded at $2.0 million for the second quarter of 2023, marking a significant decrease from the previous year’s figure of $19.8 million.

Adjusted EBITDA: Showed substantial improvement, totaling $10.2 million in the second quarter of 2023, as opposed to a negative figure of $(0.6) million in the same period of the prior year.

Cash: As of June 30, 2023, the company held $24.6 million in cash, noteworthy for being entirely debt-free.

WM Technology’s Executive Chair, Doug Francis, underscored the company’s dedication to reinforcing its financial position and delivering sustained growth.

Guidance for the third quarter of 2023:

Revenue: An estimated $47 million.

Non-GAAP Adjusted EBITDA: Approximately $4 million.

It’s important to note that these projections are subject to potential variations based on various factors and developments.

Furthermore, WM Technology announced the transition to Moss Adams LLP as its new independent registered public accounting firm, effective upon the filing of the Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, following the resignation of Baker Tilly US, LLP due to staffing constraints.

Although the company maintains a debt-free status, it’s crucial to recognize that there has been a substantial decline in both revenue and net income. Consequently, it is advisable to exercise caution when considering investment, as the current trajectory of their top-line figures does not exhibit a positive trend.

https://twitter.com/5teelersfan/status/1699102436672299134?s=20

Weedmap’s Strategic Partnership:

Furthermore, the company made another recent announcement regarding its strategic partnership with the producer of “The Freak Brothers,” a celebrated stoner comic series that has captivated audiences for over five decades.

The series follows the adventures of three stoner characters and their cat, who awaken from a 50-year slumber induced by a magical strain of weed in 1969, now navigating life in contemporary San Francisco.

Key highlights of this partnership include in-episode Weedmaps integrations in the upcoming second half of “Freak Brothers” season two, commencing on September 24th. Additionally, exclusive “Smoke & Screen” events will be held across the U.S., bringing together influential figures from both the cannabis and entertainment industries.

“The Freak Brothers” series, based on Gilbert Shelton’s cult classic comic, celebrates its 55th anniversary with a star-studded voice cast for Season 2, featuring Woody Harrelson, John Goodman, Pete Davidson, Tiffany Haddish, Adam Devine, Blake Anderson, Andrea Savage, La La Anthony, ScHoolboy Q, and a special guest appearance by Joe Sikora.

To watch Season 2 of “The Freak Brothers,” visit Tubitv.com, and for cannabis-related information, explore Weedmaps.com. For more on “The Freak Brothers,” visit the official website at www.thefreakbrothers.com.

We will update you on MAPS when more details emerge, subscribe to Microcapdaily to follow along!

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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Emerging Markets

Cannabis Industry Surges: Flora Growth Corp. (NASDAQ: FLGC) Leads the Way with 77% Intraday Jump

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Flora Growth Corp. (NASDAQ: FLGC) experienced a remarkable intraday surge of over 77%. While the company has made significant announcements recently, today’s surge occurred without any specific filings or press releases to explain it. There seems to be something substantial driving this trading frenzy, a broader force impacting the entire asset class.

It’s worth noting that established industry leaders like Canopy Growth Corporation (NASDAQ: CGC) and Cronos Group Inc. (NASDAQ: CRON) have faced significant downtrends in past years. However, today’s market activity also lifted their stocks along with others. To understand this trend, let’s take a closer look at the larger market dynamics at play.

 

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What Happened:

A top official at the Department of Health and Human Services (HHS) has recommended moving cannabis from Schedule I to Schedule III of the Controlled Substances Act, marking a historic shift. This move follows a comprehensive yearlong investigation requested by President Biden.

https://twitter.com/NotFinancialRep/status/1697189406665245149?s=20

In the short term, this won’t significantly impact the cannabis industry, as the Drug Enforcement Agency (DEA) needs to conduct its own review and the federal prohibition on marijuana remains. However, the HHS recommendation, if followed by the DEA, could happen within a year, possibly before the 2024 presidential election.

Long-term implications for the cannabis industry are uncertain, but a key immediate effect would be the elimination of Section 280e of the IRS tax code for cannabis businesses. This provision currently prevents them from claiming standard business deductions, a major financial burden.

While rescheduling won’t directly open up access to institutional banking, it may attract new capital sources due to reduced risk perception among investors. Smaller banks and lenders might become more willing to engage.

Eliminating 280e could also stimulate lending in an industry with high borrowing costs, as companies would have improved cash flow. This might lead to lower interest rates and greater access to operating and expansion capital.

Rescheduling could benefit publicly traded cannabis companies, potentially enticing more exchanges, like the Toronto Stock Exchange, to accept U.S.-based cannabis businesses. It could also encourage Congress to take further action, such as passing the SAFE Banking Act and broader reforms.

Overall, while the exact implications of rescheduling are uncertain, the HHS announcement signals progress toward a post-prohibition reality for the cannabis industry, which is a significant development.

https://twitter.com/S_Andreoni/status/1697289527180562880?s=20

Having set the stage with the broader cannabis industry context, let’s delve into Flora Growth’s recent developments and their implications for the company’s future. Is Flora Growth strategically positioned to leverage the potential easing of restrictions in the cannabis sector?

European Expansion:

Flora Growth just formed a partnership with TruHC Pharma GmbH, a leading medical cannabis expert based in Hamburg, Germany. TruHC holds key certifications for importing, distributing, and manufacturing medical cannabis and is awaiting an EU-GMP license for its cutting-edge cannabis laboratory.

Hendrik Knopp, a respected legal professional and entrepreneur, and his team from TruHC are joining Flora, bringing their extensive expertise in pioneering medical cannabis in Germany. This partnership is seen as very valuable, especially as Germany and the European Union move towards making medical cannabis more accessible to patients.

Clifford Starke, CEO of Flora, expressed excitement about the collaboration, recognizing the potential to contribute to the growth of the medical cannabis industry as regulations evolve. The partnership aims to capture a significant market share in Germany.

Hulk Hogan Partnership:

Flora Growth also just recently entered an exclusive worldwide partnership with WWE legend Hulk Hogan to launch a range of consumer products through Just Brands. These products will include CBD-infused items like pre-rolls, topicals, edibles, and more, which Flora will produce and sell globally. The partnership aims to capitalize on Hulk Hogan’s iconic status and Flora’s global distribution network. The initial agreement is for three years, with potential renewals, targeting $20 million in sales over the first 24 months. Flora will pay royalties and license fees for Hulk Hogan-branded products.

Conclusion:

In summary, the cannabis industry appears ready for a resurgence, buoyed by renewed investor optimism and shifting market dynamics. Our focus today was Flora Growth Corp. (NASDAQ: FLGC) but larger names like Canopy Growth Corporation (NASDAQ: CGC) and Cronos Group Inc. (NASDAQ: CRON) are among the many companies benefitting from this positive trend.

We will update you on FLGC when more details emerge, subscribe to Microcapdaily to follow along!

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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