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Kalytera Therapeutics Inc. (OTCMKTS:KALTF) Targeting $83 Billion Pain Management Market With KAL-1816

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Investor sentiments on Kalytera Therapeutics Inc. (OTCMKTS:KALTF) have edged higher on the confirmation that the company has made significant progress on the development of a new cannabinoid-based compound. KAL-1816 is the company’s first-in-class CBD molecule designated for the treatment of acute and chronic pain.

KAL-1816 Development

According to the company, KAL-1816 strongly binds and activates alpha3 glycine pain receptor, making it possible to shut down pain transmission in inflammatory conditions. According to CEO Robert Farrell, the new compound marks an important milestone in the company’s bid to come up with a cannabinoid analgesic for addressing pain in inflammatory conditions such as arthritis and sciatica.

Farrell expects KAL-1816 to provide effective pain relief without the risk of addiction, as is the case with opioids.

“The objective of our program has been to develop a potent, non-psychotropic, oral analgesic for the treatment of pain that will be safe and well tolerated. We believe that KAL-1816 has the potential to achieve these goals, and to become a next-generation pain medication,” said Mr. Farrell.

Plans are underway to advance Kal-1816 into series of IND studies including vivo efficacy studies as well as safety and pharmacokinetic studies. Kalytera Therapeutics has also filed a provisional patent to protect the composition of the compound.

Pain Relief Market Opportunity

KAL-1816 presents a big market opportunity in the treatment of pain in various medical conditions upon successful clinical trials. Kalytera is developing the product as a novel treatment for severe and chronic pain without the risk of respiratory suppression and dependence.

The global pain management market is on course to hit highs of $83 billion by 2024. The fact that people and d governments are increasingly shunning opioids presents a unique market opportunity for Kalytera Therapeutics. The company is also seeking to become a leading developer of novel cannabis medicines for unmet medical needs.

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Sipp Industries Inc (OTCMKTS:SIPC) Will Unveil Blue Bear Vodka In 750 ML Bottles In March 2021

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Sipp Industries Inc (OTCMKTS:SIPC) enters the cannabis beverages and spirits space. The company will introduce Blue Bear Vodka in March 2021 in 750 ml bottles.

Approves label for Blue Bear Vodka

Its ingredients include craft vodka, which is distilled from cane, and 40% volume. The company received approval for the Blue Bear Vodka label. It will commence production on finalizing packaging.

Sipp Industries is in talks with the national distributors of Elite Beverage and local distributors to distribute Blue Bear Vodka. The new product will be available at both offline and online stores.

Sipp Industries is in touch with Alcohol TTB (Tobacco Tax and Trade Bureau) and the US FDA to get approval for its CBD Beer recipe. It expects approval on receiving clarity from the government this year. With evolving favorable cannabis laws, the company expects quick approval for its recipe in 2021.

Strong interests in non-alcoholic beers

Sipp Industries is also in discussions with its partners to develop non-alcoholic beers infused with THC and CBD and plans to capitalize on the growing demand for cannabis-infused beverages. It can target these innovative products at Southwest region-based medical marijuana dispensaries. The company already received strong interest in these innovative products from several dispensaries.

Will work with Green Cures

Sipp Industries will also work with Green Cures (Green Cures and Botanical Distribution) and Elite Beverage for wider distribution of Contagin and Tequila Comisario.

Adds new CEO

Sipp Industries inducted Nick Pelletiere as CEO in August 2020. The company focused on developing and improving premium brands in the spirit space and hemp-infused beers. To prevent the spread of coronavirus, Sipp Industries temporarily stopped hemp-infused IPA beer sale and production.

The company focused on manufacturing non-alcoholic and alcoholic beverages to compensate for the loss caused due to halting the production and sale of hemp-infused beers. It will sell these products through online and retail channels.

Acquires a stake in EBI

Sipp Industries purchased a stake in EBI (Elite Beverage International) from Wanderport Corporation as part of its decision to expand its portfolio. EBI engages in the import and manufacturing several alcoholic beverages that comprise Tequila Comisario, its flagship product.

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Slang Worldwide Inc (OTCMKTS:SLGWF) Announces Availability Of O.pen Cured Resin To The Medical Patients In Florida

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Strengthening its existing relationship with Trulieve Cannabis Corp (OTCMKTS:TCNNF), Slang Worldwide Inc (OTCMKTS: SLGWF) introduced O.pen Cured Resin products to the medical patients in Florida.

CEO of Trulieve, Chris Driessen, said the company established itself as a vital player in offering premium and best cannabis products in Florida. The company is pleased to bring more products to satisfy medical patients’ needs in Florida using its relationship with Slang.

Top performing products

O.pen cured resin, the premium vape line, is one of the best performing products. Chris said he expects similar demand for O.pen Cured Resin products at its dispensaries from Panhandle to Key West. Slang also offers cartridges and O.pen Cured Resin batteries.

The medical cannabis customers in Florida can purchase O.pen Cured Resin products from 73 licensed dispensaries of Trulieve. O.pen Cured Resin is available in half-gram size. It comprises terpenes derived from pure cannabis to offer a flower-like experience to the consumers. Slang also plans to expand its product offerings to additional key markets.

Reliable and safe formats

CMO of Trulieve, Valda Coryat, said providing natural relief in safe, innovative, and reliable formats to the patients is its key objective. He is excited to expand the product to consumers and patients, who expects premium and best-in-class products at affordable rates from its dispensaries.

According to BDS Analytics, O.pen Cured Resin is the best-selling product and occupies the US’s second slot. The end users can enjoy the best class vape experience because these terpenes are derived from high-quality cannabis.

Signs a partnership deal with Merida Capital Holdings

Slang entered a pact with Merida Capital Holdings to expand its products in both the new and existing markets. It also announced Merida-led non-brokered private placement to mobilize CAD 10 million to support growth.

EC of Slang, Peter Miller, said entering a pact with Merida, a US-based cannabis investor, exemplifies its business strength and surging demand for its cannabis product line. He further said that the investment from such a strategic partner helps the company introduce more innovative products to new consumers.

Slang will expand its product line into Virginia and Missouri, leveraging the portfolio of Merida. The deal also helps the company to expedite its distribution in Michigan. As per the pact terms, Merida will acquire Slang’s common shares besides receiving compensation for accomplishing certain milestones.

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SinglePoint, Inc (OTCMKTS:SING) Takes Over EnergyWyze, LLC: Gets Control Of Direct Marketing And Digital Assets And Improve Lead Generation Capabilities

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SinglePoint, Inc (OTCMKTS:SING) acquired EnergyWyze, LLC. The company gets access to direct marketing and digital assets. It can also enhance its lead generation capabilities with this takeover.

President of SinglePoint, Wil Ralston, said the company is pleased to add the expertise and assets of EnergyWyze into its fold. He further said the amalgamation strengthens its lead generation capabilities, improves its solar ancillaries’ value, and promotes growth. Both contractors and homeowners can enjoy an improved solar installation experience by utilizing the services of EnergyWyze.

A group of experts with expertise gained from developing solar leads and acquisition experience is heading EnergyWyze. Solar system accounts for just 4% of the solar addressable markets for residential needs in the US.

Solar installations at reduced rates

SolarPoint targets to improve the customer conversion rate by reducing the installation costs. The team of EnergyWyze is pleased to combine its forces with SinglePoint in creating a renewable and solar energy platform in the US.

EnergyWyze engages in offering qualified leading appointments to leading solar installation companies across the nation. The customer-centric focus of EnergyWyze offers solar installation companies and homeowners a value add service.

SolarPoint completed the remainder of the convertible secure notes with UAHC Ventures and Iliad Trading Company. As a result, it eliminates all the derivative debt from its balance sheet.

Ralston said the company is committed to enhancing shareholder value. He also said closing the external debt and strengthening the balance sheet will position SinglePoint to focus on expansion opportunities and improve growth in solar-centric solutions and alternative energy.

Owning a solar rooftop is now affordable compared to previous years. It improves the conversion of homeowners to solar energy for their home energy needs.

Hires JTC Team

SinglePoint engages JTC Team LLC for corporate communication advisory services and strategic investor relations. It is pivotal because the company focuses on building high-quality renewable energy solutions. JTC will play an important role in enhancing the potential of SingePoint and improve its awareness.

CEO of the JTC team, Jenene Thomas, said SinglePoint put in considerable efforts to become a leader in offering economical renewable energy solutions for the common man. The company is excited to work with the management at SinglePoint and provide corporate communications strategy and investor solutions.

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