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Microcap & Penny Stocks : Pennies Arent Dead

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From: getlouied9/29/2023 10:20:43 AM
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Weekly News Review: $INBS, $HNRC, $PNNX, $GEVI, $SNNC

As another trading week comes to a close, it could be a good time for investors to possibly take a closer look into those stocks that have been in the news at different points. That would provide them with a clearer picture of the stocks, which they may add to their watch lists.
Intelligent Bio Solutions Inc. (NASDAQ:INBS) is a medical technology company involved in providing fast, non-invasive, and intelligent testing solutions through its Intelligent Fingerprint Drug Screening system. On September 27, Intelligent Bio Solutions Inc. announced that the system had been awarded recertification for the more recent ISO 13485:2016 harmonized quality management system standard specifically meant for the medical device space.
The certification, which would go into effect on October 14, is a necessity for medical device manufacturers operating in the United States, Saudi Arabia, Canada, Japan, Malaysia, Singapore, and Europe.
Houston Natural Resources Corp. (OTC:HNRC) The company, which is now doing business as Cunningham Natural Resources Corporation, was in the news on September 21. At the time, Houston Natural Resources Corp. announced that it had successfully completed the sale of its subsidiary assets for an enterprise value of $18 million.
That helped the company realize $0.15 a share. In the news release, the company noted that the transaction helped it make significant advances and gains in its strategic objectives.
Pennexx Foods (OTC:PNNX) The company came into focus on Thursday after it provided a key update with regards to its Your Social Offers product. The Chief Executive Officer of Pennexx Foods, Vincent Risalvato, announced that it had licensed as many as 106 zip codes and went on to assert that it would mark a major step in its growth strategy.
He went on to note that the aim of the company was to change the way in which merchants managed their marketing, and the fruits of the approach had become apparent.
General Enterprise Ventures Inc. (OTC:GEVI) The company’s subsidiary, Mighty Fire Breaker, was in focus on September 27 after it emerged that the ‘Get Proactive Tour’ was going to land this week at the San Bernardino Mountain Range.
The location is important since it is regarded as being at high risk of wildfire. Mighty Fire Breaker, which is known for its fire-retardant product, revealed that it would begin its tour at the Big Bear Fire Department Headquarters and have live fire demonstrations.
Sibannac Inc. (OTC:SNNC), an Arizona-based company involved in the sales and manufacturing of wellness products in the CPG sector, is also making strong moves in the cannabis space. The company had already inked an agreement with Tyme Cannabis Co. and had planned an expansion in the cannabis market in the state of Ontario, Canada.
Sibannac boasts a diverse range of products, including help-based Delta 8/9 products, kratom, and Amanita mushroom edibles, which serve both the wholesale and retail markets. The products would be pivotal for its expansion in the Canadian market.

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