CLGUF - CLGUF STOCK NEWS

Cloud Nine Web3 Technologies has appointed Anthony Zelen to its Board of Directors, effective immediately. Zelen brings over 27 years of experience in finance and corporate development, previously co-founding BIGG Digital Assets Inc. which peaked at a $900 million market cap. He is also the owner of Senergy Communications Capital Inc. and has served with various publicly listed companies. The company granted Zelen 200,000 stock options and 50,000 RSUs with significant share vesting terms. This strategic appointment aims to enhance value for shareholders as Cloud Nine continues its growth in decentralized technology.

Cloud Nine Web3 Technologies has provided a corporate update and investment outlook, emphasizing its transition from an asset-gathering entity to a revenue-generating operational company. The company has revamped its management team and is focusing on its core technology suite, Limitless. Notably, the Limitless VPN will relaunch in Q2 2022, offering a free alternative to mainstream VPNs. Additionally, Cloud Nine holds a 16% stake in Next Decentrum, a rapidly growing NFT launchpad.

Cloud Nine Web3 Technologies has successfully uplisted from the OTC Pink Open market to the OTCQB Venture Market as of March 15, 2022. The company's shares will continue trading under the symbol CLGUF. This uplisting enhances transparency and compliance, improving the trading experience for investors. The company also received full DTC eligibility, facilitating electronic settlements in the U.S. CEO Lucas Russell stated that this milestone will boost Cloud Nine's reach in the U.S. investment community and improve liquidity for its shareholders.

Cloud Nine Web3 Technologies has appointed James Floreani and Daryn Fahlman to its advisory board. Floreani is known for his entrepreneurial success in Web3 technologies and aims to enhance user engagement and VPN monetization strategies. Fahlman brings over 25 years of capital markets expertise, having led significant growth across various sectors. CEO Lucas Russell emphasized that these appointments will strengthen the company's leadership for its next growth phase, reinforcing their commitment to enhancing shareholder value.

Cloud Nine Web3 Technologies has launched its first advertising campaign in the Decentraland Metaverse, promoting its Limitless VPN. This initiative is part of their collaboration with TerraZero Technologies, aiming to leverage advanced advertising methods within the Metaverse. Limitless VPN distinguishes itself by selecting server locations based on user experience, a novel approach in the VPN industry. Additionally, Cloud Nine plans to expand its VPN technology and add new server locations in Sydney and Sao Paulo.

Cloud Nine Web3 Technologies Inc. has appointed Lucas Russell as President and CEO, effective February 14, 2022, following the resignation of Allan Larmour and Sefton Fincham. Russell brings over a decade of financial market experience and has successfully guided companies from private to public status, including a significant turnaround of a cannabis business. The board expressed confidence in Russell's leadership capabilities, aiming for growth through new management. Additionally, Justin Jacobson is appointed VP of Operations, enhancing the executive team’s strategic direction.

Cloud Nine Web3 Technologies Inc. (CSE: CNI, OTC: CLGUF) has entered a service agreement with Argent Crypto, Inc. to utilize its userbase's unused computer processing power for cryptocurrency mining. This collaboration is aimed at growing the company’s revenue through digital asset conversion. Currently, Cloud Nine has 19,227 registered users for its Limitless VPN and anticipates reaching 50,000 users to commence mining operations. The agreement allows Cloud Nine to control the mining process and receive a majority of the proceeds, while Argent Crypto will earn a service fee.

Cloud Nine Web3 Technologies Inc. (OTC: CLGUF) has signed a virtual office services agreement with TerraZero Technologies Inc., effective November 8, 2021. This office will be located in Decentraland, a decentralized Metaverse platform. Cloud Nine aims to promote its EdTech content and services, focusing on cybersecurity, blockchain, and NFTs. The company plans to develop its Limitless VPN technology to enhance user privacy in the Metaverse. A grand opening for its virtual storefront will be announced later.

Cloud Nine Web3 Technologies has launched the Limitless Platform, a hybrid network allowing users to share computing resources for a VPN that enhances internet privacy. This innovative approach enables users to trade unused computing power for secure internet access. The platform aims to democratize infrastructure costs for software services, potentially saving money for both the company and users. Future enhancements will include user rewards and additional features like decentralized storage. This initiative positions Cloud Nine to leverage Web 3.0 technologies in a competitive market.