Feature Report: Triple Digit Revenue Growth. Revenue Now Exceeds Their Market Cap with Net Profits, Expanding and Impressive Client Base Making This One Looks Like a Big Near Term Winner!
The company turning spider silk into fabric, Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) has made significant advancements in its Vietnam based production facility, Prodigy Textiles. The collaboration between the Company’s US and Vietnam lab teams has resulted in their first complete genetic screening of in-process production silkworms. This fifth generation of silkworms, now being reared in Vietnam, is the first production cycle of silkworms at the factory to receive 100% genetic screening.
Earlier this month, the Company flew in an expert trainer to provide hands-on training with new staff members of its expanded R&D team at Prodigy Textiles. In the coming weeks, Kraig Labs’ senior scientist will be at Prodigy Textiles to build on that training and bring additional competencies to the lab in Vietnam. Working together, the Prodigy and Kraig Labs’ teams will screen the sixth-generation eggs, the largest expected single production cycle in the Company’s history and prepare the lab for its expanding role in supporting silk production.
In the coming months, the Company also expects to begin harvesting is own supply of fresh mulberry that it began planting in December of last year. This onsite supply will play a critical role is allowing the Company to continue to expand the production of spider silk analog fibers and yarns and to deliver materials to its current and anticipated future end market channel partners.
Indo Global Exchange(s) PTE, Ltd. (OTCPNK: IGEX) has taken the initial steps toward changing the Company’s name, and corporate rebranding. The new focus will be to enhance and strengthen IGEX position in the lithium and graphene industry. Stockholders holding their shares in electronic form at a brokerage firm, bank, or other nominee will automatically have their positions adjusted to reflect the name change.
The Company has changed its name to “The Mineral Company” with the State of Colorado. However, the Company’s stock symbol remains the same “IGEX,” as well as the Cusip. In addition to filing a certificate of amendment to the Company’s articles of Incorporation with the Colorado Secretary of State, the Company also filed an Issuer Company-Related Action Notification Form with FINRA regarding the proposed corporate name change. The name change is subject to review by FINRA and will not be effective until FINRA clears the actions.
Their common stock will continue to be quoted on the OTC Markets Pink tier under the trading symbol “IGEX.” The change to “The Mineral Company” acknowledges the company’s growth, creating room for further growth. The Company’s name change is a crucial step for the company to further strengthens its global position in the mineral industry. There will be no organizational changes.
Kona Gold Beverage, Inc. (OTCPNK: KGKG) just announced the Company had revenues of over one million dollars in the first quarter of 2022. This marks the Company’s first quarter of one million dollars or more, which is a huge milestone and testament to the continued growth it’s experiencing. Kona Gold announced last month its popular Ooh La Lemin Lemonades will be sold in Walmart brick and mortar stores. The Company’s 16 oz Ooh La Lemin Lemonades, available in four flavors, will be included in modular sets in all stores with 12 ft or wider coolers in select states starting in June of 2022.
Gold Leaf Distribution, the Company’s distribution subsidiary, continues to have record month-over-month revenue and March was no exception. March revenue projections for Gold Leaf were $260,000 and the Company did approximately $310,000 in revenue, exceeding projections by approximately 19%.
Kona Gold announced last month its popular Ooh La Lemin Lemonades will be sold in Walmart brick and mortar stores. The Company’s 16 oz Ooh La Lemin Lemonades, available in four flavors, will be included in modular sets in all stores with 12 ft or wider coolers in select states starting in June of 2022. The Company will announce which states at a later date as it gets closer to launch. The four flavors of Ooh La Lemin will be in Walmart’s system nationwide, which will give the Company fire power to secure distribution in states where it’s currently lacking.
The global logistics and freight forwarding company, Unique Logistics International, Inc. (OTCPNK: UNQL) released financial results (unaudited) for the second quarter and the first six months of its current fiscal year that will end May 31st. “With this record quarter, UNQL remains firmly on track to achieve and exceed our goals for Fiscal Year 2022. The successful organic growth of our business has positioned us strongly to complete strategic acquisitions, integrate them into our organization and expand our business for the future,” said Sunandan Ray, Chief Executive Officer.
Highlights:
Second quarter net sales increased $280.8 million, or 225% versus the second quarter of prior year to $405.4 million.
Second quarter Income from Operations, up $5.7 million, or 190%, versus the second quarter of prior year.
Adjusted EBITDA for the second quarter is up $4.2 million, or 89%, versus the second quarter of prior year.
Demand for international logistics services remains strong. Seasonal factors will undoubtedly impact shipping volumes in the remainder of the Fiscal Year, but the overall trends are positive; and the Company is in a favorable position.
Feature Report: Triple Digit Revenue Growth. Revenue Now Exceeds Their Market Cap with Net Profits, Expanding and Impressive Client Base Making This One Looks Like a Big Near Term Winner!
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