–News Direct–

Nevis Brands CEO John Kueber joined Steve Darling from Proactive to announce the company has announced a significant expansion in Major's distribution through an exclusive licensing agreement with Stash House for production and distribution in Mississippi. Under this agreement, Stash House will have exclusive rights to produce and distribute the full lineup of Major products in the state.

The Major lineup includes dose-able 100mg THC beverages available in flavors such as Blueberry, Fruit Punch, and Blackberry Lemonade. Known for delivering the effects of cannabis within a short timeframe of 10-20 minutes after consumption, Major has gained popularity since its initial launch in Washington State in 2019, with over 5 million bottles sold to date.

Kueber highlighted Mississippi's recent legalization of cannabis for medical use in January 2023, which has led to the licensing of over 400 dispensaries in the state. This agreement marks Major's entry into its 10th state for production, further expanding its reach across the United States. Currently available in Washington, Oregon, Arizona, Ohio, Colorado, Nevada, California, and Missouri, Major is also preparing for production in Michigan, signaling the brand's continued growth and market penetration.

Contact Details

Proactive North America

+1 604-688-8158

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/nevis-brands-expands-major-distribution-with-exclusive-licensing-agreement-in-mississippi-143106983

Nevis Brands

COMTEX_451666194/2655/2024-04-30T12:16:45

–News Direct–

Century Lithium CEO Bill Willoughby joined Steve Darling from Proactive to reveal the highly promising outcomes of its extensive 43-101 Feasibility Study conducted on its flagship Clayton Valley Lithium Project in Nevada. The company's comprehensive analysis underscores a compelling future for the project, driven by a proposed three-phase production plan set to yield an average annual output of 34,000 tonnes of battery-grade lithium carbonate.

Backed by over two years of rigorous testing at the company's Pilot Plant, the Feasibility Study presents a solid foundation for the project's viability. Notably, the Mineral Resource Estimate encompasses Measured and Indicated resources totaling a substantial 1,207.33 million tonnes, boasting an average grade of 957 parts per million lithium. This translates to a remarkable lithium content of 1.155 million tonnes or 6.148 million tonnes of lithium carbonate equivalent.

CEO Bill Willoughby highlighted key financial metrics, affirming the project's attractiveness. With a projected 40-year mine life, the Phase 1 Capital Cost stands at $1.537 billion, facilitating a production capacity of 13,000 tonnes per annum of lithium carbonate equivalent. Moreover, the project boasts a commendably low operating cost, with $8,223 per tonne of Li2CO3 produced or $2,766 per tonne after sales of surplus sodium hydroxide.

The Feasibility Study further underscores the project's financial strength, with an after-tax Internal Rate of Return (IRR) of 17.1% and an after-tax net present value (NPV) of $3.01 billion at an 8% discount rate. These figures are based on price assumptions of $24,000 per tonne for Li2CO3 and $600 per dry metric tonne for NaOH.

With the completion of the Feasibility Study, Century Lithium is now poised to shift its focus towards engineering and permitting activities. Simultaneously, the company is actively engaging with government agencies, strategic partners, and other stakeholders to secure funding, maximizing value for its shareholders in line with the promising findings outlined in the study.

Contact Details

Proactive North America

+1 604-688-8158

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/century-lithium-unveils-robust-feasibility-study-results-for-clayton-valley-lithium-project-584664960

Century Lithium Corp

COMTEX_451666340/2655/2024-04-30T12:24:46

–News Direct–

Cloud DX CEO Robert Kaul joined Steve Darling from Proactive to discuss the company's impressive performance in its 2023 full-year results. Notably, Cloud DX reported a substantial 55.4% increase in revenue, reaching $1.8 million. A key driver of this growth was the remarkable surge in subscription revenue, which soared by nearly 70%, surpassing the overall revenue increase. This shift towards subscription revenue, characterized by high margins exceeding 90%, has significantly bolstered profitability, with gross profit doubling to $1.2 million, reflecting a remarkable 112% increase.

The company's stellar performance is further underscored by its operational efficiency, as evidenced by a noteworthy $1.3 million reduction in operating expenses. This reduction was achieved through strategic staff cost management, executed without compromising on customer service quality. As a result, Cloud DX achieved a more than 20% decrease in operating loss, setting a positive trajectory towards profitability and positive cash flow in the coming quarters.

Looking ahead, Cloud DX is well positioned to solidify its presence in the remote patient monitoring market in Canada. The company boasts the largest share of provincial contracts and maintains robust partnerships with major industry players such as Medtronic and Teladoc Health. Moreover, Cloud DX's successful early conversion of convertible debt at a premium underscores its strong financial management and commitment to enhancing shareholder value.

Contact Details

Proactive North America

+1 604-688-8158

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/cloud-dx-reports-significant-revenue-and-profit-growth-in-2023-756884873

Cloud DX

COMTEX_451666057/2655/2024-04-30T12:08:48