LOCL - CapitalGainsReport: Stocks Under $2 Making Headlines (GROM LOCL TIVC NKLA)
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As an investor,staying up-to-date on the latest news and developments in the stockmarket is crucial for making informed decisions. In today'sarticle, we’re taking a look at four stocks with good tradingactivity across several stock exchanges.
Each of these stocks has released news thatcould impact their trading activity, and we will be breaking down thedetails of these announcements for investors. Whether you're aseasoned trader or just starting out, read on to learn more aboutthese stocks and the updates that they have given to potentialinvestors and shareholders.
The stocks with news from yesterday that we will betaking a closer look at are GROM, LOCL, TIVC, and NKLA.
Grom SocialEnterprises Inc. (NASDAQ: GROM)
Grom Social Enterprises is a multi-faceted media,technology, and entertainment company that focuses on providingfamily-friendly programming, web filtering technology, and safe socialmedia options for children.
Within its operating subsidiaries, Grom Social isthe primary platform, providing a safe social media platform forchildren under 13 years old, who are typically not allowed to use mostsocial media platforms without parental consent.
Grom Social offersfeatures such as chatting with friends, viewing original content, andplaying games designed by the company, all while being monitored bylive associates 365 days a year. The platform not only entertainschildren but also educates them on how to be responsible digitalcitizens, while also giving them access to relevant news andproprietary games.
Curiosity Ink Media, the storytelling arm of Grom SocialEnterprises, revealed on Wednesday that Denver, The Last Dinosaur, abeloved animated children's series produced by WEP, LLC in St.Louis, had chosen them as the exclusive licensing agent. Thisannouncement was jointly made by Curiosity Ink Media's CEO, JaredWolfson, and WEP's President, Bob Koplar.
The collaborationbetween WEP and Curiosity Ink Media will start in June 2023 atLicensing Expo 2023, a significant event for the licensing sector thatbrings brands and thousands of attendees together and enables them tomaximize the impact of their products through partnerships andinnovation.
Curiosity Ink Media and WEP will meet with several potentiallicensee partners to leverage Denver's broad-based consumer appealacross nearly two dozen categories, including toys, games, apparel,home decor, footwear, accessories, and more.
Investors should takenote, as this development presents a significant opportunity for GromSocial Enterprises to further expand its portfolio and revenuestreams. Grom Social Enterprises has the potential to increase brandrecognition, generate significant revenue, and provide long-term valueto its investors by capitalizing on Denver's loyal fan base andbroad-based consumer appeal.
To learn more about Grom Social Enterprises, visittheir website gromsocial.com
Local BountiCorporation (NYSE: LOCL)
The groundbreaking indoor agriculture businessLocal Bounti combines the best elements of vertical and greenhousegrowing technologies. Local Bounti is revolutionizing indoor farmingwith its proprietary Stack & Flow Technology, which improves cropturns, output, and unit economics. The company operates cutting-edgeindoor growing facilities across the United States, and its twobrands, Local Bounti and Pete's, are available in over 10,000retail locations.
Local Bounti's hybrid approach combines the best featuresof controlled-environment agriculture with natural elements to producehealthy food in a sustainable manner. Local Bounti's sustainablegrowing practices are better for the planet because they use 90% lessland and water than traditional farming methods.
Local Bounti announcedon March 29 that it had secured up to $145 million in new financingfrom two sources to support its growth plans and increase productionto meet rising demand for its products. The financing includes anamendment to its credit facility agreement with Cargill FinancialServices International that increases the facility's capacity from$170 million to up to $280 million, subject to certain conditions.
In exchange,Local Bounti issued Cargill 5-year warrants to purchase up to 69.6million shares of common stock at a premium to its current stockprice. The company also entered into a sale-leaseback agreement with areal estate investment trust for its facilities in California for $35million.
KathleenValiasek, CFO of Local Bounti, commented, "We are very pleasedwith the outcome of these transactions and the support they providefor Local Bounti's growth ambitions. We remain laser focused onidentifying opportunities where we can utilize our flexible Stack& Flow Technology to deliver improved yields to meet the robustdemand for locally grown and sustainable produce that we are seeingacross our industry-leading distribution footprint."
To find out more, visit localbounti.com .
Tivic HealthSystems, Inc. (OTC: TIVC)
TIVC is a commercial-stage health technologycompany that provides non-invasive bioelectronic treatments toconsumers for the treatment of inflammation and other relatedconditions.
OnMarch 29, TIVC announced the completion of the supplier qualificationand first article inspection of Microart Services, Inc., one of twonew partners for TIVC announced in Q4 of 2022.
The supplierqualification and successful first article inspection helped toconfirm that Tivics' production process is under statisticalcontrol and produces safe, high-quality products in compliance withTivics' specifications and applicable regulatory requirements.
Tivic has beenable to increase production capacity by 25 times while reducing costsassociated with printed circuit board manufacturing by 70% thanks toits partnership with Microart.
Furthermore, Tivic has teamed up with anothersupplier, ALOM, resulting in lower costs, more production capacity,and a 37% decrease in the forecasted COGs for 2023.
TIVC will report theirfinancial results for the year ended December 31, 2022, via apre-recorded conference call and webcast on Friday, March 31, 2023, at1:30 p.m. PT and 4:30 p.m. ET.
If you are Interested in learning more about Tivic,visit tivichealth.com/investor/
Nikola Corporation(NASDAQ: NKLA)
Nikola Corporation is a company based in Phoenix, Arizona, thatis focused on revolutionizing the transportation industry on a globalscale. They develop and manufacture automobiles, drivetrains, parts,and energy storage systems that are powered by zero-emissionbattery-electric and hydrogen-electric technologies.
Additionally, they arecommitted to transforming the economic and environmental impacts ofcommerce. The HYLA brand is one of the ways in which they are pursuingthis goal, with a particular focus on developing hydrogen stationinfrastructure.
The news release from NKLA was regarding their celebration ofthe 100-sale order milestone for the Nikola Tre Hydrogen FCEV Class 8Truck. Deliveries of the purpose-built heavy-duty trucks will begin inQ4 2023.
"Webelieve Nikola is the only company in the U.S. with a Class 8 hydrogenFCEV available in calendar year 2023, engineered and assembled in theU.S., as well as a variety of upcoming hydrogen energy solutions,"said Michael Lohscheller, Nikola's President and CEO."Customers are recognizing this and are demanding zero-emissionstrucking solutions to fulfill their shipping needs and to meet theirenvironmental, social, and governance goals. And it will have quite aneffect, as one heavy-duty zero-emission truck equates to removing 23gasoline-powered passenger cars from the road in annual CO2emissions."
The Nikola Tre FCEV is a cutting-edge Class 8 truck that boastsa remarkable range of up to 500 miles and an estimated fueling time ofonly 20 minutes, making it one of the most advanced andenvironmentally friendly trucks on the market. This innovative vehicleis versatile enough to excel in a wide range of applications, fromdrayage and intermodal transport to metro-regional truckload,less-than-truckload, and specialized hauling scenarios.
Investors interested in learning more aboutNKLA and their environmentally friendly transportation solutionsshould visit: www.nikolamotor.com
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