MLCT

Malachite Innovations Retains Investment Banking Firm to Assist in Implementation of Strategic Plan for Cannabinoid Drug Development Business

Retrieved on: 
Thursday, December 7, 2023
IBD, Drug development, IBS, File, Patent, MLCT, Growth, Patient, OTC, Ulcerative colitis, Pharmaceutical industry

CLEVELAND, OHIO, Dec. 07, 2023 (GLOBE NEWSWIRE) -- MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) (“Malachite”) announces that it has retained First Liberties Securities, Inc., d/b/a First Liberties Financial (“FLF”), a registered broker-dealer headquartered in Dallas, Texas, to assist Malachite in the implementation of its strategic plan for its cannabinoid drug development business conducted by its wholly-owned subsidiary, Graphium Biosciences, Inc. (“Graphium”), which may include converting Graphium into a separate and distinct privately held company funded with new capital.

Key Points: 
  • In 2021, Malachite initiated a corporate restructuring plan to create two parallel pathways for shareholder value creation and optimize the present value of its more than $20 million of net operating losses.
  • Additionally, Graphium has expanded its drug development partnerships with advisors and manufacturers in Australia, and created a detailed and executable drug development plan to advance its leading cannabinoid compound, VBX-100, through Phase II clinical trials over the next three years, subject to securing the necessary funding.
  • Malachite is seeking to raise up to $4.0 million directly into Graphium (“Capital Raise”) to fund the advancement of its cannabinoid drug development program and for general working capital purposes.
  • We will initially continue our focus on advancing VBX-100, a uniquely non-psychoactive cannabinoid therapeutic, but also continue innovating and developing the hundreds of additional small molecules in our broad portfolio of cannabinoid drug assets.”

MALACHITE INNOVATIONS ANNOUNCES CLOSING OF $1.0 MILLION CAPITAL RAISE TO FUND FIRST ACQUISITION OF FORMER MINE LAND

Retrieved on: 
Friday, September 15, 2023
MLCT, MKT Mod 72 mine, Malachite, Agriculture, Coal, Recreation, Mining, OTC, Coal mining, Ecosystem, Health, Appalachia, Renewable energy, Land

Malachite also announces the closing of a $1.0 million capital raise and the purchase of approximately 1,600 acres of former mine land in Lincoln County, West Virginia (“Former Mine Land”).

Key Points: 
  • Malachite also announces the closing of a $1.0 million capital raise and the purchase of approximately 1,600 acres of former mine land in Lincoln County, West Virginia (“Former Mine Land”).
  • Catalyst Land is a newly-formed, wholly-owned subsidiary focused on acquiring, rehabilitating and repurposing undervalued and underutilized real estate throughout the Appalachian Region.
  • Consistent with Malachite’s mission driven approach to improving the health and wellness of people and the planet, Catalyst Land is targeting challenging land opportunities in the most disadvantaged areas of Appalachia.
  • On August 24, 2023, Malachite raised $1.0 million from Indemnity National Insurance Company (“Indemnity National”) with the proceeds used to fund the purchase of the Former Mine Land.

MALACHITE INNOVATIONS ANNOUNCES CLOSING THE ACQUISITION OF ITS THIRD RECLAMATION BUSINESS IN WEST VIRGINIA

Retrieved on: 
Tuesday, September 5, 2023
MLCT, MKT Mod 72 mine, Mechanics, Collins, AML, Acquisition, OTC, Growth, Collins Building, Malachite

CLEVELAND, OHIO, Sept. 05, 2023 (GLOBE NEWSWIRE) -- MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) (“Malachite”) announces the closing of its acquisition of Collins Building & Contracting, Inc. (“Collins Building”), an environmental services business that primarily focuses on the reclamation of abandoned mine land (“AML”) sites in West Virginia, representing Malachite’s acquisition of its third environmental services business in West Virginia in the past 16 months.

Key Points: 
  • CLEVELAND, OHIO, Sept. 05, 2023 (GLOBE NEWSWIRE) -- MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) (“Malachite”) announces the closing of its acquisition of Collins Building & Contracting, Inc. (“Collins Building”), an environmental services business that primarily focuses on the reclamation of abandoned mine land (“AML”) sites in West Virginia, representing Malachite’s acquisition of its third environmental services business in West Virginia in the past 16 months.
  • The purchase included over 100 pieces of equipment, nearly 100 acres of land, a multi-use mechanics shop, an active sandstone quarry, and several reclamation contracts.
  • Roger Collins will serve as Senior Vice President of Sales of Range Environmental Resources, Inc., a wholly-owned subsidiary of Malachite, responsible for growing Malachite’s abandoned mine land business throughout West Virginia.
  • “Roger Collins is an exceptional leader with unparalleled expertise in identifying, bidding on, and performing AML jobs.

MALACHITE INNOVATIONS REPORTS SECOND QUARTER 2023 RESULTS

Retrieved on: 
Tuesday, August 1, 2023
Operation, MLCT, MKT Trail, LTM, EBITDA, OTC, Security (finance), Health, Adjustment, Revenue, Environment, Cryptocurrency

CLEVELAND, OHIO, Aug. 01, 2023 (GLOBE NEWSWIRE) -- MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) (“Malachite”), a public company focused on improving the health and wellness of people and the planet, reported its results for the quarter ended June 30, 2023.

Key Points: 
  • CLEVELAND, OHIO, Aug. 01, 2023 (GLOBE NEWSWIRE) -- MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) (“Malachite”), a public company focused on improving the health and wellness of people and the planet, reported its results for the quarter ended June 30, 2023.
  • Malachite’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 was filed with the Securities and Exchange Commission on August 1, 2023 and is available for viewing at https://malachiteinnovations.com/investors/ .
  • Adjusted EBITDA | $479,405 in 2Q 2023 versus ($367,805) in 2Q 2022, an improvement of $847,210, and $1,259,642 in the LTM period ending June 30, 2023 versus ($1,660,765) in the LTM period ending June 30, 2022, an improvement of $2,920,407.
  • Cash Flow from Operations | ($1,074,195) in 2Q 2023 versus ($450,887) in 2Q 2022, a decline of ($623,308), and ($157,109) in the LTM period ending June 30, 2023 versus ($1,648,111) in the LTM period ending June 30, 2022, an improvement of $1,491,002.

MALACHITE INNOVATIONS AND ITS SUBSIDIARY GRAPHIUM BIOSCIENCES RELEASE NEW INVESTOR PRESENTATIONS AND ANNOUNCE UPCOMING FUNDRAISING EFFORTS

Retrieved on: 
Thursday, June 1, 2023
MLCT, Lincoln MKT, Health, Malachite, OTC, Holding company, Cryptocurrency

CLEVELAND, OHIO, June 01, 2023 (GLOBE NEWSWIRE) -- MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) (“Malachite”), a public company focused on improving the health and wellness of people and the planet, today released new investor presentations for Malachite and its wholly-owned subsidiary, Graphium Biosciences (“Graphium”), and announced upcoming fundraising efforts to further advance its mission-driven strategy.

Key Points: 
  • CLEVELAND, OHIO, June 01, 2023 (GLOBE NEWSWIRE) -- MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) (“Malachite”), a public company focused on improving the health and wellness of people and the planet, today released new investor presentations for Malachite and its wholly-owned subsidiary, Graphium Biosciences (“Graphium”), and announced upcoming fundraising efforts to further advance its mission-driven strategy.

MALACHITE INNOVATIONS ANNOUNCES CONTINUED EXPANSION OF ITS SENIOR LEADERSHIP TEAM WITH THREE NEW ADDITIONS

Retrieved on: 
Thursday, June 1, 2023
Aurora, Business development, MLCT, MKT Trail, Cleveland State University, University, Terra preta, Education, American Bridge Association, United States Forest Service, Botany, Professional, Colorado State University, Certified Public Accountant, American Institute of Certified Public Accountants, National Number Group, Chemistry, OTC, Geography, National Park Service, Michigan State University, Growth, Health, Market for corporate control, American Institute, GIS, Master, Management, Forestry, Financial services, Malachite, Ecology, Ashland University

He will assist the Company’s senior management team in developing innovative solutions to reclaim lands and restore waterways in Appalachia.

Key Points: 
  • He will assist the Company’s senior management team in developing innovative solutions to reclaim lands and restore waterways in Appalachia.
  • Dr. Carlson brings his experience with GIS mapping, landscapes, chemistry and botany to every problem.
  • He has partnered with the US Forest Service, National Park Service, and industry groups to solve environmental problems.
  • Our entire organization is thrilled to have such high-caliber professionals embrace our vision for the future and enthusiastically welcomes Erick, Patty and Reese to our growing team.”

MALACHITE INNOVATIONS ANNOUNCES ENGAGEMENT WITH SUNDAY CREEK HORIZONS, AN APPALACHIAN-FOCUSED CONSULTING FIRM

Retrieved on: 
Tuesday, May 16, 2023
Learning, Communication, MLCT, MKT Trail, Creek, Zack Space, Government, Appalachian Mountains, OTC, Climate, Health, Renewable energy, Malachite

CLEVELAND, OHIO, May 16, 2023 (GLOBE NEWSWIRE) -- MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) (“Malachite” or “Company”), a public company focused on improving the health and wellness of people and the planet, announced the entry into a consulting agreement with Sunday Creek Horizons, LLC (“Sunday Creek Horizons”).

Key Points: 
  • CLEVELAND, OHIO, May 16, 2023 (GLOBE NEWSWIRE) -- MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) (“Malachite” or “Company”), a public company focused on improving the health and wellness of people and the planet, announced the entry into a consulting agreement with Sunday Creek Horizons, LLC (“Sunday Creek Horizons”).
  • Sunday Creek Horizons is a strategic communication, issue advocacy, and community development consulting firm based in Athens, Ohio, operating primarily in the Appalachian region of the United States.
  • Sunday Creek Horizons works with numerous Appalachian-based clients, including leading private sector businesses, non-profit organizations, institutions of higher learning, and several regional and city governments.
  • I believe Malachite is well-positioned to capitalize on many of the new federal priorities in the energy and environmental space, which stand to provide Malachite with exciting future business opportunities.”

MALACHITE INNOVATIONS ANNOUNCES CAPITAL RAISE LED BY BERNIE KOSAR, EDWARD FEIGHAN AND TWO OUTSIDE PRIVATE INVESTMENT FIRMS

Retrieved on: 
Thursday, April 13, 2023
MLCT, Lincoln MKT, Carbon, Investment, OTC, Health, Security (finance), Malachite

CLEVELAND, OHIO, April 13, 2023 (GLOBE NEWSWIRE) -- MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) (“Malachite” or “Company”), a public company focused on improving the health and wellness of people and the planet, announced the closing of a $410,000 capital raise.

Key Points: 
  • CLEVELAND, OHIO, April 13, 2023 (GLOBE NEWSWIRE) -- MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) (“Malachite” or “Company”), a public company focused on improving the health and wellness of people and the planet, announced the closing of a $410,000 capital raise.
  • The capital raise was led by Morla Ventures, LLC, a West Virginia-based investment firm focused on innovators in carbon management, and Stonewall Capital, LLC (d/b/a Point Squared Ventures), a North Carolina-based private investment firm with a focus in the technology, energy and industrial sectors.
  • Also participating in this latest capital raise were Edward Feighan, the Company’s Chairman of the Board, Bernie Kosar, a Strategic Advisor to the Company, and Rebecca Wharton, the Company’s Human Resources Manager.
  • Both investment firms share our deep commitment to impact investing, particularly in disadvantaged regions of the country, and therefore we are honored to have such sophisticated and highly-respected firms support our ambitious vision for change.”

2022 ANNUAL REPORT HIGHLIGHTS

Retrieved on: 
Thursday, April 6, 2023
MLCT, Lincoln MKT, Drug development, Terra preta, Life, Education, Atmosphere, Water pollution, Gastrointestinal tract, Calendar, History, Sale, Appalachian Mountains, Wood, Plant, Coal, Climate change, Soil, Acquisition, Investment, Annual report, Mining, Water, Economic development, OTC, Pyrolysis, Range, Growth, Security (finance), Stevia, Health, Cryptocurrency, Renewable energy, Malachite

CLEVELAND, OHIO, April 05, 2023 (GLOBE NEWSWIRE) -- MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) (“Malachite”), a public company focused on improving the health and wellness of people and the planet, is providing highlights from its 2022 Annual Report filed with the Securities and Exchange Commission on March 31, 2023 for the 12-month period ending on December 31, 2022.

Key Points: 
  • CLEVELAND, OHIO, April 05, 2023 (GLOBE NEWSWIRE) -- MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) (“Malachite”), a public company focused on improving the health and wellness of people and the planet, is providing highlights from its 2022 Annual Report filed with the Securities and Exchange Commission on March 31, 2023 for the 12-month period ending on December 31, 2022.
  • As a result, Malachite’s calendar year 2022 revenues were $4,072,468 more than its total revenues over its previous 10 years of operations.
  • As a result, Malachite’s net working capital improved by $261,962 from December 31, 2021 to December 31, 2022.
  • For the period beginning on May 11, 2022 and ending on December 31, 2022, the Range Reclamation Entities generated revenues of approximately $4.8 million representing pro forma annualized revenues of over $6.0 million.

MALACHITE INNOVATIONS ANNOUNCES FORMER NFL QUARTERBACK BERNIE KOSAR HAS JOINED THE COMPANY AS A STRATEGIC ADVISOR

Retrieved on: 
Wednesday, December 21, 2022
Education, University, Coal, Cleveland Browns, Bernie, MKT Trail, 2007 BCS National Championship Game, Risk, Dallas Cowboys, Tecmo Super Bowl, Growth, Dallas, Miami Dolphins, OTC, Health, NFL, Cleveland, MLCT, Season, Super Bowl, Community, Appalachia, Management

CLEVELAND, OHIO, Dec. 21, 2022 (GLOBE NEWSWIRE) -- MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) (“Malachite”), a public company focused on improving the health and wellness of people and the planet, today announced the engagement of Bernie Kosar as a Strategic Advisor.

Key Points: 
  • CLEVELAND, OHIO, Dec. 21, 2022 (GLOBE NEWSWIRE) -- MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) (“Malachite”), a public company focused on improving the health and wellness of people and the planet, today announced the engagement of Bernie Kosar as a Strategic Advisor.
  • Mr. Kosar is a former NFL quarterback who played eight seasons with the Cleveland Browns, one season with the Dallas Cowboys (where he won a Super Bowl), and two seasons with the Miami Dolphins.
  • Mr. Kosar played collegiately at the University of Miami where he led the team to a National Championship in 1983.
  • Michael Cavanaugh, Malachite’s Chief Executive Officer, commented, “Malachite is pleased to welcome Bernie Kosar as its newest Strategic Advisor.