Penny Stocks News: IBGR, SRMX, NUGN, RSCI, SAVR

In recent days, there have been many penny stocks that have come into the news cycle for a variety of reasons. However, it is not always possible for investors to keep an eye on all the news and hence, there is a need to be somewhat selective. This article is going to provide a detailed look into five stocks that may well be worth tracking at this point.

DRYWORLD Brands Inc (OTC:IBGR) – The company came into the news cycle on Tuesday after it announced that it had inked an agreement by way of which Prime Ballerina Olga Smirnova would join its team. It may be a good idea for investors interested in DRYWORLD Brands Inc to take a closer look. Smirnova is a Russian ballet dancer and had been a member of the celebrated Bolshoi ballet in the past. Currently, she is a prime ballerina with the Dutch National Ballet based out of Amsterdam in the Netherlands.

She had left Russia right after the invasion of Ukraine and had expressed her disapproval of the war vociferously. She has performed in all the major international events and had also been recognized as the best ballerina for the year 2022. Her dancing skills had also been appreciated and lauded by many experts in the media all over the world.

As per the agreement between Smirnova and DRYWORLD Brands Inc, the former would collaborate on co-designing the HauteD collection. The collection in question takes inspiration from the strength and beauty of the ballet. Smirnova, DRYWORLD Brands, and a leading designer would collaborate on the collection, which would be launched in the early part of 2024.

Saddle Ranch Media Inc (OTC:SRMX) – The company’s subsidiary unit Tri Cascade Inc was in focus on Tuesday after it made a key announcement. After having been successful in completing a brand registration with Amazon recently, Tri Cascade activated the retail page for the direct-to-customer sales of its VOS 5G Dongle on Amazon.

The company further announced that it was going to continue work on enhancing its page design on Amazon from to time. The VOS 5G Dongle would help consumers in connecting to fast and secure global connections from anywhere at any time. It is suitable for both regular consumers as well as businesses.

The product can be connected to any laptop, tablet, or USC-C-enabled device so as to give the consumer a highly secure ‘on the go’ connected experience. The company claimed that there are very few products in the market that can offer a similar experience. Even if a customer is in a remote location, the product can provide super-fast 5G connectivity so that one can stay productive. There is no need to have access to a wifi network if one needs to use the product. It is also compatible with major operating systems like Mac, Windows, and Linux.

NuGene International Inc (OTC:NUGN) – It is a dynamic business group that is focused on the acquisition and development of companies with disruptive business potential in the branches of content, technology, and films for fund managers. Yesterday the company announced that there had been considerable progress in the process related to the listing of Global Dot Logistics.

NuGene International Inc, also known as Livento Group, announced that in its capacity as the advisor to Global Dot, it had managed to forge a partnership with a broker-dealer in connection with the listing. The partnership is aimed at the eventual listing of Global Dot on the NASDAQ exchange.

In order to meet the stringent listing requirements of NASDAQ, Global Dot made a commitment to acquire two companies with combined revenues of $38 million. The first of the two acquisitions had been completed and the second one was in the concluding stages.

The initial public offering of Global Dot is expected to take place at some point in the fourth quarter of 2023 and the company was underground an audit process in order to fulfill all the necessary requirements listed by the United States Securities and Exchange Commission. Global Dot was also working on an S1 Registration with the SEC so that all investors interested in participating could do so.

Redwood Scientific Technologies Inc (OTC:RSCI) – The New York-based pioneering pharmaceutical company was in the news cycle yesterday after it announced that it had submitted a patent application for its advanced Oral Thin Film manufacturing system.

The application for the patent was another indication of Redwood Scientific Technologies Inc’s commitment towards bring about revolutionary change in the pharmaceutical space through advanced drug delivery systems. The Oral Thin Film manufacturing system is revolutionary because it brings about a paradigm shift in the way nano dosages of ingredients could be administered to patients.

It specifically caters to the surging demand for pharmaceutical products which are precision based. The company leverages advanced technology to enable the system to come up with precise formulations. The company claimed that the new drug delivery system would provide considerable advantages over traditional drug delivery methods, thereby leading to better patient outcomes and higher bioavailability. Redwood Scientific Technologies noted that it anticipated that the patent was going to be granted and that would confirm its position as the leader in the oral thin film manufacturing space.

CAVU Resources Inc (OTC:CAVR) – The company was in focus on Tuesday after it announced that it had concluded the acquisitions of Asher Homes, Precision Project Management Inc, and Ruhl Construction. The acquisitions, which had been completed without any stock dilution, are projected to add more than $60 million in annual revenues and more than $8 million in EBITDA. These figures are based on the performance of the companies being acquired historically.

The companies are based out of Tulsa, Oklahoma and are known for their design and quality. The acquisitions in question are of growing well-capitalized companies and would also help CAVU Resources bring about rapid growth to HRS, its majority-owned subsidiary unit. The company divest from its interests in the Sinacori Builders, Monument Real Estate Partners, Drip, and RenuYou subsidiaries following the transaction.