INDOOR HARVEST CORP - INQD STOCK NEWS

Indoor Harvest Corp. has announced its engagement with Academy Award winning film producer Jonathan Sanger to create a new reality series titled 'INQD.' The show will feature Leslie Bocskor, the CEO of Indoor Harvest, and his team of industry veterans as they help struggling companies achieve financial success. The series aims to provide an entertaining economic version of 'The A-Team.'

Indoor Harvest Corp. acquires 60% controlling interest in Metabiogenix USA for $2.5M. Metabiogenix USA valued at $8.9M by the Japanese Medical Institute. Indoor Harvest gains exclusive agreement to distribute Metabiogenix USA Nutraceuticals in the Western Hemisphere and Spain. Metabiogenix USA projecting revenues of up to $20M for FY2024.

Indoor Harvest Corp. (OTCPK: INQD) announced the appointment of Trevor Smith as Chief Financial Officer and Chief Operating Officer, effective April 14, 2023. Smith succeeds Leslie Bocskor, who retains his role as CEO and Chairman. Smith brings a decade of operational experience in the cannabinoid industry and a background in financial due diligence at PricewaterhouseCoopers. Bocskor expressed confidence in Smith's financial expertise and entrepreneurial experience to accelerate the company’s growth plans. Smith expressed eagerness to contribute to the transformation of Indoor Harvest and to lead efforts in expanding its business portfolio. The company aims to leverage strategic partnerships and proprietary technology in the hemp sector.

Indoor Harvest Corp. (OTCPK: INQD) has provided updates on its acquisition of Electrum Partners, initially announced on March 1, 2023. This strategic move aims to capitalize on the growing hemp industry, leveraging CEO Leslie Bocksor's extensive experience since 2012. Bocksor, who became CEO in 2020, has focused on resolving past liabilities and enhancing governance to position the company for growth. The acquisition is expected to align Electrum's projects with Indoor Harvest, aiming to establish the company as a leader in the hemp sector.

Indoor Harvest Corp. issued a press release on March 7, 2023, which has now been retracted. The original announcement titled "WeGro Data & HyperSphere Team Up to Bring Revolutionary Security to Block Chain" should be disregarded, as advised by the company. There are no further details provided in the correction, leaving the implications for investors and stakeholders unclear. This retraction indicates a potential miscommunication or error in the initial release.

WeGro Data has partnered with HyperSphere Technologies to develop the first hyper-protected blockchain-as-a-service platform, aimed at enhancing security for consumers, industries, and governments globally. This partnership will be showcased at the CERA Conference on March 9, 2023, focusing on its application in the energy sector. WeGro Data's HyperTuring™ technology, in conjunction with HyperSphere's encryption, provides a robust data ecosystem to counter cyber threats. The collaboration addresses critical data challenges in the energy sector, including compliance and security, promising a revolutionary solution for national security concerns.

AUSTIN, Oct. 07, 2022 (GLOBE NEWSWIRE) -- Indoor Harvest Corp. (OTCPK: INQD) is progressing towards completing a transaction with Electrum Partners, LLC. As due diligence continues, new opportunities in international supply chain and distribution are being explored. CEO Leslie Bocskor emphasized the importance of responsible progress and maximizing returns while addressing financial and compliance issues. The expected completion date has been delayed, but the company is committed to shareholder value and will provide updates as they advance.