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eWorld Companies, Inc (OTCMKTS: EWRC) Big Run Northbound as Crypto Operator Readies Launch & Marketing Push for its New Bitcoin Wine NFT Project

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eWorld Companies, Inc (OTCMKTS: EWRC) is moving northbound in a hurry ever since the Company announced it has been planning and prepping for an upcoming major marketing push to promote its highly anticipated Bitcoin Wine NFT project. During that time the company has been busy previewing the project at prestigious art shows and other public and private events, preparing and submitting updated corporate filings, and lining up the appropriate marketing partners for the project. The Company’s timing could not be better; the NFT space is booming and quickly becoming a hotshot sector with brands and celebs endorsing it, the NFT space topped $40 billion in 2021 and is expected to continue to grow.

eWorld has been busy on the corporate side as well. The company recently posted its current financials at otcmarkets.com and will file the accompanying updated attorney opinion letter and meet all other OTC requirements within the next few days so that all corporate filings are compete and up to date. The company has also concluded its extensive search to locate and secure the most appropriate marketing team to promote Bitcoin Wine NFT’s official hard launch and plans to release its final decision within the next week. EWRC has runner in its blood skyrocketing out of the triple zeroes to $0.025 per share last summer.  

eWorld Companies, Inc (OTCMKTS: EWRC) is the Parent Company of Angelini Trading Company, a Los Angeles area-based company that distributes 26 varieties of wine from five family-owned wineries, two handmade Italian pasta factories, a premier olive oil company that won the 2014 award for best olive oil in the world and other specialty food items seldom seen in the U.S. market.  eWorld’s top priorities are the rollout of Angelini Trading’s line of Caponero and Benevento brand wines for the U.S. consumer market and the upcoming release of its exclusive “Bitcoin Wine” series. Wines have already been delivered and purchase orders received from the first 200 retail outlets, with many additional orders and deliveries expected to be announced soon. 

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Angelini Trading Company was formed in 2012 by Richard Angelini and his cousin, Roberto Adamo, with the objective to source the highest-level products available from the Italian peninsula for export to the rest of the world, with primary focus on the U.S. market. The Angelini and Adamo families have been merchants and artists since the 1600’s. Unfortunately, Richard Angelini passed away in 2017, but the company remains in family hands with his wife, Christina now serving as the company’s President. Angelini Trading Company has secured, either through creating partnerships or distribution agreements, the rights to distribute 26 varieties of wine from 5 different family-owned wineries, 2 different handmade Italian pasta factories, a premier olive oil company that won the 2014 award for the best olive oil in the world, and many other phenomenal specialty food items seldom seen in the U.S. market. Angelini Trading Company has established a network of respected, successful factories, all with the common goal of exporting their own authentic brand of Italian quality products to a grateful world. Angelini wines all hold 90+ point ratings and can be found on their website AngeliniTrading.co, or just about anywhere fine wine is sold. 

EWRC has been running steadily northbound since the Company announced last Thursday it has spent the past four months planning and prepping for an upcoming major marketing push to promote its highly anticipated Bitcoin Wine NFT project, which the company says will commence within the next 7 to 10 days. During that time the company has been busy previewing the project at prestigious art shows and other public and private events, preparing and submitting updated corporate filings, and lining up the appropriate marketing partners for the project. 

The Bitcoin Wine NFT project was introduced at a public event for the first time on December 5, 2021 during the internationally prestigious Art Basel Miami Beach Art Show. eWorld Companies CEO Pablo Gallardo Wagner explained the reason for the December “soft launch” date as follows, “The Bitcoin Wine NFT launch was originally planned for early 2022, but the NFT was completed ahead of schedule, and when the opportunity arose to unveil it at such a prestigious international art event, it was simply too good to pass up. More detailed information about the Bitcoin Wine NFT project will be released within the coming days.  

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EWRC

Meanwhile, the soft launch continues, and Bitcoin Wine NFT is available for purchase (minting) now to early adopters on the official Bitcoin Wine NFT website https://www.BitcoinWine.co, which is also replete with information and details about the project, including a transparent plan of action. “Bitcoin Wine” is a limited edition NFT series featuring and showcasing fine wine. This exclusive “Bitcoin Wine” series will include a limited supply of 10,000 bottles of carefully selected and readily identifiable fine wine 

On December 4th, Fluluv, the original visionary behind the Bitcoin Wine project, teamed up with the leaders behind another NFT project, “Lil Bitcoin”, to host a premier VIP event: “Crypto Money: The Wolf of Miami”. The event showcased art from some of the world’s top NFT artists including Beryl Bilici, first place winner of “Art in Metaverse”, a digital art contest with a total of 3,041 artworks from 52 countries, and Tillavision, the artist and designer of the Bitcoin Wine NFT, who is renowned for his impeccable digital animations for numerous high-profile celebrities, and who also displayed a newly minted NFT he had created specifically for Jordan Belfort, better known as “The Wolf of Wall Street”. Then on December 5th, the last day of NFT Art Basel Miami, Bitcoin Wine officially launched its highly anticipated Bitcoin Wine project by making it available on NFT Distribution Company’s website for a 2-hour time period, during which sales were brisk and exceeded expectations. 

The NFT space is booming and quickly becoming the hotshot of the industry, brands and celebs endorsing it, the NFT space topped $40 billion in 2021 and is expected to continue to grow. Non-Fungible Tokens (NFT) are cryptographic tokens that generate value because of their uniqueness. From tangible to intangible items, owning an NFT is like owning an original art or a collectable antique. Traditional paintings, images, video clips, tweets selling for millions have paved the way for a revolution that has become a digital autonomous asset creation and redistribution. The difference between owning a physical collectable like a Pokémon card and a digital asset like NFT is that NFTs contain distinguishable information that distinguishes them from any other NFT and is easily verifiable. As each item could be traced back to its original creator, the duplication and circulation of fake collectables become pointless. No two NFTs are identical. Unlike tangible real-money or digital cryptocurrencies, NFTs can’t be directly traded with one another, even if they exist on the same platform, game or collection.  

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Currently trading at a $67 million market valuation EWRC has 11,021,317,962 shares outstanding of 8,814,528,258 are restricted leaving just 2,206,789,704 free trading EWRC shares. While the Company has an intangible asset worth $2 million, they have significantly more debt on the books. EWRC is running after the Company announced it has been planning and prepping for an upcoming major marketing push to promote its highly anticipated Bitcoin Wine NFT project. During that time the company has been busy previewing the project at prestigious art shows and other public and private events, preparing and submitting updated corporate filings, and lining up the appropriate marketing partners for the project. eWorld has been busy on the corporate side as well. The company recently posted its current financials at otcmarkets.com and will file the accompanying updated attorney opinion letter and meet all other OTC requirements within the next few days so that all corporate filings are compete and up to date. We will be updating on EWRC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with EWRC.

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

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Farmer Brothers (NASDAQ:FARM) Announces $100 Million Sale of Northlake Facility, Shifts Production with Focus on Profitability

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Farmer Bros. Co. (NASDAQ: FARM) shares rocketed 88% within the first hour of the opening bell on June 7, 2023.

Farmer Bros. Co. (NASDAQ: FARM) shares rocketed 88% within the first hour of the opening bell on June 7, 2023. This national distributor of coffee and tea intends to sell its direct shipping facility in Northlake for $100 million to TreeHouse Foods (NYQ: THS) and transfer its production operations to Portland, Oregon. The sale includes the 180 employees currently employed at the Northlake plant.

According to $FARM’s CEO Deverl Maserang, this move allows the company to concentrate primarily on its direct store delivery (DSD) business, which is the most profitable and offers the highest growth potential. Maserang stated that the company aims to ensure its direct ship customers are well-served by a national leader while focusing on DSD. After the deal is finalized, Farmer Brothers will relocate its remaining DSD business to its Portland roasting and production plant while maintaining its corporate headquarters in Texas by leasing space in Northlake.

2017 Farmer Brothers first made headlines when it acquired Boyd’s Coffee for nearly $60 million. And just recently, in 2021, Farmer Brothers announced opening a West Coast distribution center. Maserang’s focus is profitability. For a company bringing in an incredible ~496M in revenue annually, you’d think that’s a given. Yet they still reported a ~15M net loss on their June 30th, 2022 earnings, and TTM is ~28M net loss.  

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Farmer Brothers’ direct store delivery business serves coffee, tea, spices, breakfast, and brunch products to 45,000 locations nationwide through a network of 80 independent branches, five distribution centers, and almost 240 routes. Its customer base includes restaurants, food service operators, convenience stores, hotels, casinos, healthcare facilities, and grocery chains.

Founded in 1912, Farmer Brothers is known for its primary brands, such as Farmer Brothers, Artisan Collection by Farmer Brothers, Superior, Metropolitan, China Mist, and Boyd’s. Its sales for fiscal year 2022 reached $469.2 million.

Following the sale of the Northlake facility, the company estimates that its annual revenue will decrease to approximately $350 million. However, as mentioned, their focus is improving profit margins. Chief Financial Officer Scott Drake stated that shifting towards a DSD-focused organization would enhance internal efficiency, reduce operational costs, and increase margins. The company plans to use the proceeds from the sale to pay off debt and streamline its operations.

TreeHouse Foods, headquartered in Oak Brook, Illinois, is a prominent manufacturer of private-label food and beverages in North America. The company operates 26 production facilities in the United States and Canada, including existing locations in Dallas and Carrollton. It was established in 2005 as a spin-off of Dallas-based Dean Foods Co. In 2016, TreeHouse Foods acquired the private brands business from Conagra Brands, marking its most significant acquisition and nearly doubling its size. In 2022, the company reported sales of $3.45 billion.

Analyst Buy Rating Suggests Strong Potential for Growth

As of June 7, 2023, Farmer Bros Co (FARM) had a median target price of $6.00, according to an analyst providing a 12-month price forecast. This indicates a significant increase of 81% compared to the last price of $3.30. The high and low estimates for the stock were also $6.00, reflecting a consensus among analysts regarding FARM’s strong growth potential. An investment analyst polled on the matter has maintained a consistent buy rating for Farmer Bros Co since August. This rating suggests that the company is expected to perform well, and investors are advised to consider purchasing shares. Regarding FARM’s current quarter earnings, the company reported a loss per share of $0.60 and sales of $121.2M. As always, it is essential for investors to carefully evaluate their financial circumstances and risk tolerance before making any investment decisions.

We will update you on FARM when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening in the markets!

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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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Hoth Therapeutics (NASDAQ: HOTH) Makes Groundbreaking Progress in Alzheimer’s Research through HT-ALZ Therapy

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Hoth Therapeutics (NASDAQ: HOTH) made significant strides in Alzheimer's disease (AD) with its experimental therapy, HT-ALZ.

Hoth Therapeutics (NASDAQ: HOTH) made significant strides in Alzheimer’s disease (AD) with its experimental therapy, HT-ALZ, which showed promising results in preclinical studies. Following the announcement of these positive outcomes, the company experienced a remarkable 135% share value surge after Tuesday’s opening bell. While Hoth primarily focuses on dermatology, specifically atopic dermatitis and inflammatory skin conditions, their foray into AD research demonstrates their commitment to addressing unmet medical needs.

More on the HT-ALZ Study for Altzheimers Disease (AD)

In a recent study at Washington University in St. Louis, HT-ALZ showcased encouraging effects, particularly in improving spatial memory, with the higher dosage proving the most effective. Alzheimer’s disease is a degenerative neurological condition characterized by the accumulation of amyloid β (Aβ) plaques and neurofibrillary tangles of Tau protein in the brain, leading to symptoms such as dementia. Hoth’s initial data demonstrated a significant reduction in Aβ levels in both male and female mice with AD after acute treatment with HT-ALZ, compared to the placebo and baseline Aβ levels.

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Hoth Therapeutics has completed several behavioral tests and looks forward to sharing more data as it becomes available. This significant progress in their AD research highlights the company’s dedication to developing potential therapies for this debilitating disease.

Driving Forces Behind the Expansion of Alzheimer’s Disease Research

Alzheimer’s disease has been receiving increased attention from preclinical biotech companies for several reasons:

  • Growing prevalence: Alzheimer’s disease is a significant and escalating public health issue due to its increasing prevalence worldwide. As populations age, the incidence of Alzheimer’s is expected to rise, creating a greater need for effective treatments and interventions.
  • High unmet medical need: There is no cure for Alzheimer’s disease, and the available treatments only provide limited symptomatic relief. This unmet medical need presents an opportunity for biotech companies to develop innovative therapies that can potentially slow down the progression of the disease or target its underlying causes.
  • Advancements in understanding: Over the years, significant progress has been made in unraveling the complex mechanisms and underlying pathology of Alzheimer’s disease. This improved understanding of the disease has sparked renewed interest among biotech companies, as it provides a foundation for the development of novel therapeutic approaches.
  • Technological advancements: The advancements in various scientific and technical fields, such as genomics, proteomics, and imaging techniques, have facilitated better disease characterization and identification of potential drug targets. These tools and technologies enable biotech companies to conduct more detailed research and develop therapies targeting specific pathways or biomarkers in Alzheimer’s.
  • Supportive regulatory environment: Regulatory agencies have recognized the urgent need for effective Alzheimer’s treatments and are willing to support and expedite the development and approval processes. This has encouraged biotech companies to invest in Alzheimer’s research and development.

Centers for Medicare & Medicaid Services (CMS) reimbursement For Alzheimer’s Disease (AD)

On a related note, the Centers for Medicare & Medicaid Services (CMS) has announced plans to broaden coverage for Alzheimer’s drugs once they receive full approval from the Food and Drug Administration (FDA). However, CMS’s proposal requires patients to participate in registries that collect real-world data. The first drug that could be covered under this plan is Eisai’s Leqembi, pending FDA approval. CMS’s decision aims to ensure coverage for Medicare Part B enrollees who meet specific criteria, including participation in registries to gather evidence on drug effectiveness.

While the registry requirement has faced criticism as an unnecessary barrier, CMS officials defend it, citing the importance of real-world evidence in transforming patient care. CMS collaborates with multiple organizations to establish registries, but more details and enrollment information are needed.

The broader CMS reimbursement for Alzheimer’s drugs is expected to benefit Eisai, Biogen, and other companies in the anti-amyloid space. Given that over 5 million Medicare beneficiaries are affected by Alzheimer’s, the market potential is substantial. Analysts project significant revenue for Eisai and Biogen from Leqembi, with estimated annual sales in the United States reaching billions of dollars.

Conclusion

In conclusion, the combination of factors such as the growing prevalence of Alzheimer’s disease, unmet medical needs, advancements in understanding, technological progress, and supportive regulations have contributed to the increased attention and investment in AD research by preclinical biotech companies. Hoth Therapeutics’ remarkable improvement in its HT-ALZ study exemplifies the significance of these advancements and highlights the company’s potential in addressing this challenging disease.

We will update you on HOTH when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening in the markets!

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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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Strong Financials and Social Media Buzz Propel Forza X1, Inc. (NASDAQ:FRZA) to New Heights

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Forza X1, Inc. (Nasdaq: FRZA) shares witnessed an exceptional and unforeseen surge in its share price, skyrocketing by 151% early morning of June 5th, 2023.

Forza X1, Inc. (Nasdaq: FRZA) shares witnessed an exceptional and unforeseen surge in its share price, skyrocketing by 151% early morning of June 5th, 2023. This surge was accompanied by an unprecedented level of trading volume, marking a significant departure from the previously observed average. Notably, the stock’s trading volume had been relatively low in recent months, with numerous days experiencing trading activity of less than 1,000 shares. Without any apparent news or filings, the cause behind this sudden surge remains a subject of intrigue and speculation among market participants.

What happened?

Firstly it’s important to note that $FRZA is a spin-off of Twin Vee PowerCats Co. (Nasdaq: VEEE). $VEEE is the parent company handling the design, manufacturing, and distribution of recreational and commercial, off-shore power catamaran boats while $FRZA is the new developer of electric sport boats with a mission to accelerate the adoption of sustainable recreational boating.

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Upon examination of the company, no discernible filings or press releases have been identified to account for today’s remarkable shift. However, it seems that a tweet disseminated by the company caught the attention of retail investors, subsequently generating an enormous surge in trading volume.

This recent occurrence serves as yet another compelling demonstration of the significant impact that the retail community can exert when armed with information regarding a small float micro-cap stock, particularly when the conditions align favorably and validate the potential for substantial gains. The tweet, skillfully crafted by the company’s social media team, featured a compelling GIF and clever “Don’t miss the boat” blurb, demonstrating a keen understanding of their business’s essence. 

The timely and engaging content proved to be a perfect execution, capturing the attention and imagination of investors in a manner that resonated deeply with the nature of the company’s operations.

Overview of Twin Vee PowerCats Co. Financials

Could the surge in share price also reflect the market’s enthusiastic response to Twin Vee’s strong financial results for the first quarter of 2023? 

On May 15, 2023, Twin Vee PowerCats Co. released its financials demonstrating a substantial increase in net revenue and notable improvements in the gas-powered boat segment.

https://twitter.com/JohnZidar/status/1665685698400141313?s=20

Twin Vee PowerCats Co. (Nasdaq: VEEE) reported strong financial results for the first quarter ended March 31, 2023. The company experienced a notable 51% increase in net revenue, reaching $8.9 million compared to $5.9 million in the same period last year. The gas-powered boat segment achieved a net income of $181,000, significantly improving from the net loss of $626,000 in Q1 2022.

However, as per GAAP accounting policy, Twin Vee’s consolidated financial statements resulted in a total net loss of $1.8 million for the quarter, primarily due to their majority ownership in Forza X1, Inc. (Nasdaq: FRZA), an electric boat company. Twin Vee reported cash, cash equivalents, restricted cash, and marketable securities of approximately $12.6 million as of March 31, 2023.

The company has been expanding its product lineup, including introducing the Aquasport mono-hull boat brand. Twin Vee is confident these efforts will contribute to business scalability and brand growth. They aim to optimize inventory levels and production costs while closely monitoring market conditions, dealer inventories, and economic indicators.

Financial highlights for Q1 2023

  • Total revenue: $8,877,000 (51% increase compared to Q1 2022)
  • Gross profit: $3,222,000
  • Net income from gas-powered boats segment: $182,000
  • Net loss from Forza X1 (electric boat entity): $2,005,000
  • Loss from Fix My Boat (franchise business): $5,000
  • Adjusted net loss (excluding non-cash charges): $1,347,000
  • Adjusted net income from gas-powered boats segment: $265,000

Twin Vee’s consolidated cash, cash equivalents, restricted cash, and marketable securities were $23,457,000 as of March 31, 2023. Forza X1 reported $10,683,000 in the same category, while Twin Vee’s core business had $12,643,000, and Fix My Boat had approximately $132,000.

We will closely monitor the performance of Forza X1, Inc. (Nasdaq: FRZA) in the coming weeks, considering that it is a spinoff from its parent company. It is crucial to conduct thorough research, particularly for companies like FRZA that have yet to achieve profitability. However, it is worth noting that the parent company has been making notable progress, as evidenced by its recent financial results, which revealed a substantial increase in the bottom line.

We will update you on FRZA when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening in the markets!

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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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