Glow Lifetech - GLWLF STOCK NEWS

Glow LifeTech Corp. (CSE: GLOW) (OTCQB: GLWLF) has appointed David Côté as a new independent director to its Board of Directors, effective January 24, 2025. Côté, currently CEO of J. Supply Holdings Inc., brings extensive cannabis retail experience, having previously served as Director of Retail Strategy at Canopy Growth where he developed the franchise model for retail cannabis stores across Canada.

The company granted Côté 250,000 stock options exercisable at $0.065 per share for five years. Additionally, James Van Staveren has stepped down from his positions on the Audit Committee and as Corporate Secretary while remaining a board director. Côté will join the Audit Committee, and CFO Josh Bald has been appointed as Corporate Secretary.

Glow LifeTech Corp. (GLWLF) has announced its expansion into New Brunswick through a purchase order from Cannabis NB, marking its first entry into Atlantic Canada. The company will initially launch MOD™ THC Berry Drops and MOD™ THC Lime Drops in the region, with products set to ship in January 2025.

The expansion follows a successful 2024, where Glow's MOD™ and .decimal™ brands achieved significant presence in Ontario, reaching over 750 retail locations. The company recently reported strong Q3 2024 performance with 49% quarter-over-quarter revenue growth and 73% gross margins.

Products will be available through Cannabis NB retail stores and their private retailer partners, as the company continues its strategic growth across Canada.

Glow Lifetech Corp. (CSE: GLOW) (OTC Pink: GLWLF) has announced the granting of 3,650,000 stock options to various officers and consultants. The options are exercisable at $0.06 per common share for a five-year period under the Company's Omnibus Long-Term Incentive Plan. Of these options, 2,500,000 were granted to company insiders. All options and resulting common shares are subject to a four-month and one-day resale restriction from the grant date. The company utilized exemptions from MI 61-101 requirements regarding valuation and minority shareholder approval for the insider participation.

Glow LifeTech Corp. reported strong Q3 2024 financial results with 49% quarter-over-quarter revenue growth to $227,052 and improved gross margins of 73%, up from 68% in Q2. The company strengthened its balance sheet through a $1.2 million financing in September and a subsequent $900,000 private placement, while settling $591,000 in debt. The EBITDA loss narrowed by 17% to $156,144 compared to Q2. The company's MOD™ brand achieved significant market penetration, reaching 650+ stores in Ontario and ranking as the #3 brand in the oils category. The launch of MOD™ THC Drops 300 demonstrates continued product innovation.

Glow Lifetech Corp. (CSE: GLOW) (OTC Pink: GLWLF) has achieved significant milestones in its commercial growth. The company's MOD™ brand has become the #3 brand in Ontario's cannabis oils category and the #1 brand innovation in oils for 2024 to-date. Glow has expanded its retail footprint, with its product portfolio now available in over 600 retail cannabis stores in Ontario, representing a 42% increase in distribution points compared to Q2 2024.

The company recently launched MOD™ THC Drops 300, a 300mg 3-pack of flavourless water-soluble drops with quick onset. Glow has also strengthened its financial position through a $1.2 million private placement completed in September 2024, providing increased flexibility to accelerate its growth agenda. The company is focused on expanding distribution, driving product innovation, and scaling across new markets.

Glow Lifetech Corp. (CSE: GLOW) (OTC PINK: GLWLF) reported strong Q1 2024 results, with revenue increasing 480% quarter-over-quarter to $148,107 and an impressive 70% gross margin. The company's net loss improved by 40% compared to Q4 2023. Glow launched 4 new cannabis products in Ontario during Q1, expanding its MOD™ drops and .decimal™ capsules ranges. Retail distribution accelerated, reaching ~500+ stores in Ontario. The company's MOD™ drops secured the #1 position in the water-soluble drop brand category and became the #3 brand in the broader Oils category in Ontario. Glow strengthened its balance sheet post-Q1, raising $605,000 through a private placement and settling $211,837 of indebtedness.

Glow LifeTech Corp. announces a cease trade order by the Ontario Securities Commission due to the company's failure to file its audited consolidated financial statements for the year ended December 31, 2023. Despite the order, certain holders may sell securities through specific regulated markets and investment dealers. The company expects no interruption in operations during the order, with revocation anticipated after filing the required documents.