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Chris Thompson

eResearch is pleased to publish our Initiating Report on Newgioco Group, Inc. (OTCQB: NWGI). We are Initiating Coverage on Newgioco with a 1-year price target of $1.30. Newgioco is a vertically integrated organization engaged in the leisure gaming (gambling) industry, primarily in Italy but currently expanding worldwide. Newgioco generates revenues from providing retail land-based and web-based gambling products and services in regulated countries and offers solutions for both the Business-to-Business (B2B) and Business-to-Consumers (B2C) markets. The Company's forecasted double-digit growth over the next year, in the Italian retail gaming market, could be accelerated with tactical acquisitions. Over the next several years, Newgioco is poised to capture some of the recently deregulated, multibillion-dollar, U.S. sports betting market through the Company’s proprietary betting platform (ELYS™). We believe that Newgioco is overlooked and undervalued in the market, and it is also trading at a discount to peers.

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eResearch is pleased to provide a Trip Report written by freelance writer Claudia Gonzales and eResearch's Chris Thompson.

The report covers a Florida Cannabis Dispensary Tour on February 19, 2019. The report summaries the current Florida cannabis market and reports on three cannabis operators/dispensaries in Florida that were visited: Liberty Health Sciences: CSE:LHS / OTCQX:LHSIF / DB:S6UQ ; Curaleaf Holdings: CSE:CURA / OTCQX:CURLF ; and, GrowHealthy, a subsidiary of iAnthus Capital Holdings, Inc.: CSE:IAN / OTCPK:ITHUF / DB:2IA .

The purpose of the trip was to assess the dispensary landscape in Florida and to see what potential investment opportunities may still exist in the companies that operate in the state.

During the day, all three companies provided information on their operations and growth potential. In comparison to other states, such as California and Colorado, with more mature cannabis markets, Florida still has upside potential, which makes the timing perfect for investment. All Florida-operating companies are looking forward to the recreational legalization of the cannabis flower, which could happen as early as 2020, and are working hard to meet the current and near-term future cannabis demands of Floridians.



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