Archive for June, 2018

$TGODF Adds Prem Virmani as Chair of Beverage Science and Research Division

TORONTO, June 29, 2018 — The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF) is pleased to announce that Prem Virmani has been appointed Chair of TGOD’s Beverage Science and Research Division.

Mr. Virmani is the former Senior Vice President of Global Science and Research for Cott Beverages, Inc. where he provided senior leadership in all aspects of beverage technology. Over the course of a 40-year career, he has demonstrated core abilities in building strong R&D organizations and leading innovation. He has led development in every major beverage category, including the Sam’s Choice cola program for Walmart, President’s Choice cola for Loblaws, and major private label brands for Publix, Wegmans and Safeway. His beverages have been enjoyed by millions of people around the globe.

Mr. Virmani’s leadership and expertise enabled Cott to become the world’s largest customer brand beverage company. This was acknowledged earlier this year, when he received induction to the Private Label Hall of Fame. Since 2015, he has also been an Adjunct Professor and on the Board of Trustees of Columbus State University in Columbus, Georgia.

“I am delighted that Prem has joined the TGOD Leadership team,” said Csaba Reider, President of TGOD. “Having worked with him extensively in the past, I am confident he will deliver consumer-preferred beverages across a wide range of categories and occasions. We will deliver maximum value through great-tasting organic edibles & beverages. No one is more qualified than Prem to help us achieve our vision.”

TGOD previously announced the construction of a 287,245 sq. ft. purpose-built production facility on its Valleyfield, Quebec property. This facility will be capable of producing 40,000 kgs of premium organic cannabis dedicated to the Beverage Division. This includes a state-of-the-art manufacturing campus to conduct strain-specific research, develop organic cannabis IP and optimize CBD and THC strains for consumption. Supply chain, packaging, flavor profile, pricing architecture, and product differentiation are key to the future of CBD/THC infused beverages.

“The recent announcement of our dedicated beverage facility within Valleyfield demonstrates our commitment to creating proprietary novel products with varying delivery methods,” said Robert Anderson, CEO of TGOD. “The appointment of such a well-respected industry veteran as Prem Virmani further validates our organic business plan. I am confident we will be ready with exceptional CBD & THC infused beverages as legalization takes place around the world.”

On Behalf of the Board of Directors,
The Green Organic Dutchman Holdings Ltd.
Robert Anderson
Chief Executive Officer and Co-Chairman

ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD.

The Green Organic Dutchman Holdings Ltd. is a research & development company licensed under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) to cultivate medical cannabis. The Company carries out its principal activities producing cannabis from its facilities in Ancaster, Ont., pursuant to the provisions of the ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations.

The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 116,000 kg and is building 970,000 sq. ft. of cultivation facilities in Ontario, Quebec and Jamaica.

The Company has developed a strategic partnership with Aurora Cannabis Inc. (TSX:ACB) whereby Aurora has invested approximately C$78.1 million for an approximate 17.5% stake in TGOD. In addition, the Company has raised approximately C$315 million dollars and has over 20,000 shareholders.

TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.

CONTACT INFORMATION
Investor Relations
Email: invest@tgod.ca
Phone: 1 (416) 900-7621
www.tgod.ca

Forward-Looking Information Cautionary Statement

This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward looking statements in this release includes, but is not limited to, statements about the future legalization of recreational cannabis and cannabis-infused products in Canada, statements about future research, development and innovation by the Company, statements about the offering of any particular products by the Company and statements regarding the future performance of the Company. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accept responsibility for the adequacy or accuracy of this release.

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$SNNVF Actively Targets Cannabis Market in California

  • Landmark ruling strikes down federal law that bans states from allowing sports gambling
  • Legal experts posit that the U.S. Supreme Court’s 7-2 decision has important implications for state-legal marijuana programs
  • Sunniva’s core subsidiaries, licensed tenant cultivators gear up to supply multibillion dollar recreational, medical cannabis industries in Canada, California

Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF), a vertically integrated medical cannabis and services provider operating in Canada and California, joins a growing cadre of voices lauding the U.S. Supreme Court’s recent decision to strike down a federal ban on sports gambling. The 7-2 landmark ruling in Murphy v. National Collegiate Athletic Association (http://cnw.fm/9ynD2) is hailed as a positive move for the cannabis industry by legal scholars, cannabis insiders and others interested in cannabis law reform (http://cnw.fm/hMn1l).

There currently are nine states in the U.S. with legalized sales of recreational cannabis on the books – with the District of Columbia legalizing its use, but not sales – while some form of cannabis use is allowed in 30 states and the District of Columbia. Meanwhile in Canada, which has allowed medical cannabis since 2001, lawmakers are poised to finalize a law allowing recreational adult-use cannabis throughout the country sometime later this year.

The U.S. Supreme Court’s decision could have implications for the cannabis industry at large, according to SCOTUSblog’s Amy Howe, who wrote: “Challenges to the federal government’s recent efforts to enforce federal marijuana laws in states that have legalized the drug for either recreational or medical use may also be based on the 10th Amendment” (http://cnw.fm/8gxOs).

Sunniva is actively targeting cannabis markets in Canada and California as it constructs cannabis grow facilities in both locations and diversifies its products and service offerings. A 126-acre Canada Campus at Okanagan Falls, British Columbia, will house a 700,000 square foot facility with an expected output capacity of 100,000 kg annually (http://cnw.fm/jQMh8). Phase one of the company’s California Campus, a 325,000 square foot greenhouse in Cathedral City, is well underway and is expected to produce 60,000 kg annually once it’s up to full operational scale in Q3 2018.

Sunniva CEO Dr. Anthony Holler notes that the company has received all temporary state licenses required in California. Sunniva’s U.S. subsidiaries hold eight 10,000 square foot cultivation licenses, two manufacturing licenses, one 22,000 square foot cultivation license, one 22,000 square foot nursery license and one 10,000 square foot nursery license. Another seven 22,000 square foot cultivation bays will be leased to selected licensed tenants, with all of Sunniva’s annual state license applications completed and submitted under state mandated deadlines.

“This is a very significant milestone for Sunniva’s operations in California. An important aspect of the licensing process has been completed and now our focus is on completing construction on time and entering into supply contracts with distribution partners, leading brands and creating Sunniva branded products for the California marketplace,” Holler said in a company update (http://cnw.fm/Qu1cB).

The economic impact of legalized cannabis continues to evolve, with New Frontier Data estimating the state-licensed cannabis market in the U.S. to be worth over $24 billion by 2025 (http://cnw.fm/37LDr). Support for legalization of cannabis continues to rise, with 64 percent of respondents in a national survey voicing support, according to a Gallup poll (http://cnw.fm/6W1rV). While the full impact of the U.S. Supreme Court’s decision is still being debated, Sunniva and its management team firmly believe the ruling ushers in good news for the future of state-legalized cannabis and related industries.

For more information, visit the company’s website at www.sunniva.com

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CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

For more information please visit https://www.CannabisNewsWire.com

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$NETE Subsidiary Takes Cutting-edge Approach to Intelligent Payment Solutions

  • Suite of events solutions cuts wait times for transactions through mobile services, quick verification
  • Subsidiary PayOnline enters new market with Russian Federation offerings
  • Multi-channel payments platform Netevia builds on same-day settlement in end-to-end processing

Mobile devices have become the go-anywhere remote controls that turn on — and turn off — the world around us. Net Element, Inc. (NASDAQ: NETE) is a fintech innovator that helps keep the signals open between businesses and their customers in a pay-per-play, on-demand-type marketplace that may be virtually headquartered anywhere between a business district, the highway or someone’s back yard.

Payment solutions provider Net Element has developed an expertise in linking mobile phones, brick and mortar stores, banks and unbanked web-based businesses to deliver reliable multi-channel possibilities to buyers and transaction analysis to the businesses who serve them. The company’s recent announcement that its subsidiary, Unified Payments, is launching an intelligent payment solution for the events industry (http://nnw.fm/8fWQp) is an example of its efforts to provide the marketplace with future-ready options to serve vendors and the crowds to whom they cater.

Unified Payments’ suite of solutions makes it easier to eliminate lengthy wait times in line and keep service to the customer flowing “any time, any place, any payment” (http://nnw.fm/iM0vB) with self-order kiosks that provide charge-back protection. Value-added services provide help with quick account establishment, risk monitoring and advising for pricing models.

A report by the Events Industry Council notes that the meetings and events industry is pumping hundreds of billions of dollars into the U.S. economy, supporting 5.9 million jobs and continuing to expand, with an 18 percent increase in direct spending since 2012 (http://nnw.fm/sdZz9).

In February, Net Element launched Netevia, a multi-channel payments platform that delivers end-to-end payment processing through easy-to-use APIs (http://nnw.fm/63qaT). Its language-agnostic technology allows businesses to accept most payment methods in multiple currencies internationally. Same-business-day settlement and funding provides merchant security, while value-added features such as loyalty options help merchants build solutions to keep customers coming back.

Market analyst Statista projects that e-commerce retail worldwide will double its revenues to $4.88 trillion by 2021, stating in a report earlier this year that desktop PCs are still the world’s most popular device for placing shopping orders online but that mobile devices, especially smartphones, are catching up (http://nnw.fm/sy5E3).

Net Element subsidiary PayOnline began partnering with the Russian Federation’s Bank Sputnik last month to offer a comprehensive multi-channel solution to small and medium-sized businesses for their payment concerns, expanding PayOnline’s services beyond electronic commerce (http://nnw.fm/gg0Ie). The company’s news release about the partnership notes that Statista Digital Markets predicts the total transaction value in the digital payments market segment in Russia will amount to $39.5 billion in 2018, up from $27.9 billion in 2016, and reach $61.8 billion by 2022 with a CAGR of 11.9 percent.

“This innovative, turnkey solution offers frictionless onboarding for merchants with integrated, value-added services,” Andrey Krotov, CTO of Net Element, stated in a news release. “With customizable payment flows, full-stack API and value-added solutions, PayOnline exceeds the unique needs of software platforms and merchants looking to enable payments in a multi-channel environment.”

For more information, visit the company’s website at www.NetElement.com

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NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information, please visit https://www.NetworkNewsWire.com

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$TGODF Canadian Cannabis Producers Expanding Growing Capacities on the World Stage

Global demand for cannabis, both recreational and medicinal, continues to grow at healthy pace. According to a recent research report put out by Arcview Market Research and BDS Analytics, the next ten years are set to explode with spending on legal cannabis worldwide hitting $57 billion by 2027.

While much of that growth is expected to come from the United States, there are several other countries opening up to cannabis, whether it be through consumption or production and export.

The cannabis sector is beginning to pay closer attention to the latter scenario, with several companies expanding their production capacity through operations abroad, including Aphria Inc. (TSX: APH) (OTC: APHQF), Canopy Growth Inc. (TSX: WEED) (NYSE: CGC), Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) and The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF).

By expanding production operations into other countries, cannabis producers can spread out risk, lower average costs, and gain access to other export markets. Growing cannabis plants is no longer just a domestic activity. Through seeking out more favorable climates, lower energy costs, or a cheaper labour force, the cannabis industry is truly going global.

INTERNATIONAL EXPECTATIONS GROWING

Consumption is expected to rise, along with spending, over the next decade. The bulk of the growth is being credited to an ever-expanding map of markets legalizing recreational use—not just medical cannabis. According to the Arcview-BDS report, approximately two thirds of spending will come from the adult-use (recreational) market, while medical marijuana makes up the remaining third.

But the opportunity isn’t just in export markets. Canada’s biggest players are looking for new places to grow their products, complete with new soils, different sunny hours, and favorable growing conditions. New regions, such as Africa, the Caribbean, and Latin America are making strong cases for being a great place to grow the business.

GLOBAL CANNABIS EXPANSION

Aphria Inc. (TSX: APH) (OTC: APHQF)

Aphria recently expanded into Africa by acquiring an interest in a licensed medical cannabis extracts producer in Lesotho. The global expansionary strategy gains Aphria a supply of high-grade low-cost cannabis isolates in Africa, to compliment the supplies the Ontario-based mega producer is growing domestically. Much of Aphria’s attention recently has been towards extraction, including a recent announcement of a $55-million extraction centre that will enable the company to better serve the market for marijuana edibles, beverages and other alternative products. Local reports out of Colombia are also hinting that Aphria is set to make a significant land purchase in the Latin American country, that could equate to over 1.6 million sq ft of potential grow space.

Canopy Growth Inc. (TSX: WEED) (NYSE: CGC)

Not to be left out of the Lesotho party, cannabis giant Canopy Growth also expanded into southern Africa, through the acquisition of Daddy Cann Lesotho at the end of May. The price tag on the acquisition was roughly $29 million, which was a reasonable cost given that it gives Canopy access to a market of 55 million more people. Given Lesotho’s landlocked location, Canopy sees the country as an ideal greenhouse climate, as it is also positioned for exports across the whole African continent.

Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON)

Through its subsidiary Cronos Australia Pty, the Cronos Group was recently granted a medicinal cannabis manufacture license by the Australian Office of Drug Control. With the license, Cronos can move forward on manufacturing cannabinoid-based products in Australia, through all forms of extraction, refining, concentration and transformation of the cannabis plant. Cronos Australia is a joint-venture between Cronos Group and Australia’s NewSouthern Capital, that serves as the company’s hub for Australia, New Zealand, and Southeast Asia.

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF)

Global aspirations led The Green Organic Dutchman to launch its new global division, focused exclusively on the beverage industry. However, the organic cannabis specialists took their production operations global, by entering Jamaica through a strategic partnership with Epican Medicinals Ltd. The deal increased TGOD’s production capacity by more than 10%, adding 14,000 kg and bringing the company’s total organic funded capacity to 170,000 kgs.

JAMAICAN EXPANSIONS ORGANICALLY

Through the addition of Jamaican operations, The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) officially became an international organization. And from the indications from the Epican announcement, it appears that TGOD isn’t done its expansions.

“This represents the first of many strategic partnerships TGOD intends to execute in the coming months,” said TGOD’s CEO, Robert Anderson. “Our value-added approach taken in this investment will set an international M&A framework for capital investment, transfer of knowledge, and sector expertise. We will continue to evaluate international opportunities that will assist us in executing our business plan to become the world’s largest organic cannabis brand.”

Epican was officially awarded the country’s historic first cultivation license, and currently produces high-quality cannabis at its flagship cultivation site called Blue Mountain. One of TGOD’s roles with their new partners will be to work with Eco-Cert to achieve organic certification in Jamaica. And while being 100% organic is TGOD’s specialty, the key to the deal is the company’s expertise in getting a second 125,000 sq ft GMP-compliant (Good Manufacturing Practices) facility constructed, to give the partnership a pair of high premium organic cultivation sites.

Along with the production expansion, TGOD gains access to distribution inside Jamaica through Epican’s first mover advantage, as the new partner is openings its flagship dispensary in July 2018, in the country’s capital of Kingston. This will be the first of many Epican dispensaries, designed to serve the medical needs of Jamaica’s 3 million residents and approximate 3.5 million visitors each year.

Epican also brings with it an extraction laboratory that has been designed, licensed and built to GMP standards, establishing the company as a Jamaican leader in sustainability. This addition matches well with TGOD’s own high standards of extraction.

TGOD’s extraction process is precise, and free of toxic solvents. Their method is capable of producing the highest-quality cannabis oils in the world. In order to produce premium cannabinoid-infused products, containing the two main ingredients tetrahydrocannabinol (THC) and cannabidiol (CBD), TGOD’s careful extraction is key.

According to the company’s press release, international expansion is an integral part of their business plan. The Epican partnership provides a low-cost platform that supplies TGOD with premium Jamaican grown medical cannabis for export to select international jurisdictions, as regulations permit.

Domestically, TGOD continues to expand as well. Recently the company announced that it had received a Health Canada Cultivation License for its breeding facility in Salaberry-de-Valleyfield, Quebec—known simply as Valleyfield. The Valleyfield site will eventually become home to TGOD’s flagship 820,000 sq. ft. state-of-the-art hybrid grow facility. It will house the cultivation of cannabis and the production of seeds and new strains.

Additionally, TGOD announced that it is adding a 287,245 sq ft. purpose-built facility on its Valleyfield property capable of producing 40,000 kgs of premium organic cannabis. This facility will be dedicated to TGOD’s Beverage Division and increases the Company’s fully-funded capacity to 170,000 kgs.

This newly dedicated cultivation building is being constructed to support TGOD’s previously announced Beverage Division Global-Strategic-Launch-Into-the-Beverage-Industry.

Recently coming off an announcement of a $25 million special warrant bought-deal financing co-led by Canaccord Genuity and Mackie Research Capital, TGOD will have additional cash on hand to continue the company’s current expansionary run. The closing of the offering is expected to occur on June 26, 2018.

TGOD’s international expansion will continue for the foreseeable future. There’s much to look forward to with its new ventures such as the Epican deal, coupled with its international marketing aspirations for beverages and other products, including those made with the exclusive ingredient technology brought in through a deal signed in May with Stillwater brands to license RIPPLE SC (Soluble Cannabinoids).

Disclaimer

Nothing in this article should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this article is not provided to any individual with a view toward their individual circumstances. Baystreet.ca has been paid a fee of twenty thousand dollars for TGOD advertising and digital media. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article as the basis for any investment decision. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in this article is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Thursday, June 28th, 2018 Uncategorized Comments Off on $TGODF Canadian Cannabis Producers Expanding Growing Capacities on the World Stage

$SNNVF Floats on Rising Vaporizer Trends

June 28, 2018

  • Smoking as a delivery method faces increasing stigma
  • Vaporization set to be a major smoking alternative
  • Sunniva signs contract to supply extraction services to award winning cannabis brand

Heightened awareness of the dangers posed by smoking is shaping the fast-developing cannabis marketplace. Smoking, the delivery vehicle of the tobacco industry, is playing a much lesser role.

Nicotine may not kill – indeed, it is thought to have some health benefits – but smoking will. So, as markets for adult recreational use of marijuana open up across the U.S., alternative delivery technologies are expected to take center stage. Particularly popular is vaporizing, which, apart from the potential health benefits it offers, avoids the unpleasant (to some) smell of tobacco smoke and, in the typical vape pen, offers an easy method of use. As a result, the market for vaporizers is expected to rise rapidly. Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) is set to float on that rising vaporizer trend. The company recently announced that, through a wholly-owned subsidiary, it had secured an additional extraction contract with Cali Gold, a leading legacy California cannabis brand. Operating in the world’s two largest cannabis markets, Canada and California, Sunniva continues to pursue its vision of becoming the lowest cost, highest quality cannabis producer in the markets it serves.

There’s no doubt that vaping, once an esoteric activity with which few were familiar, is going to play an important role as medical and recreational markets for cannabis develop. According to one analyst, the vaporizer market in the states of California, Colorado, Oregon and Washington grew 57.7 percent during 2017, reaching $1.84 billion by year-end (http://cnw.fm/ILt9q). Sunniva is already in position to benefit from those market developments. Its contract with Cali Gold gives it a ticket to ride the rising vaporization trend for, at least, the next 12 months, and the agreement may be renewed for a further 12-month term, if Cali Gold so desires.

Signed by wholly-owned subsidiary CP Logistics, LLC’s Sun-Oil Facility, the deal enables Sunniva to provide Cali Gold with high quality, ultra-purified manufactured distilled oil products to be utilized within vaporization cartridges (http://cnw.fm/5lz7G) and other delivery formats. Based in Berkeley, California, Cali Gold is a popular cannabis brand that has specialized in high quality edibles. The Cali Gold THCA Chocolate Bar was awarded first place in Edibles List Magazine. Cali Gold looks to Sunniva’s quality expertise at scale to introduce 10-15 new products in the next six months.

Sunniva’s Sun-Oil Facility is a state-of-the-art facility that, at full capacity, will be able to produce over 600,000 filled vaporization cartridges a month. Ideally suited to supply other white label marketers, like Cali Gold, the facility is licensed for both volatile and non-volatile extraction, which enables Sunniva to produce multiple forms of extracted products.

Sunniva’s Sun-Oil Facility is located about one mile from the Sunniva California Campus in Cathedral City, where it continues construction of a state-of-the-art cGMP-compliant greenhouse.  cGMP (current Good Manufacturing Practice) regulations are mandated by the U.S. Food and Drug Administration (FDA) to ensure proper design, monitoring and control of manufacturing processes and facilities. Phase 1 of the project involves the development of a 325,000 square foot greenhouse capable of producing 60,000 kilos per year of dry cannabis at capacity.  Approximately 30 percent of initial total production is earmarked for conversion to oils and extracts. Phase 2 is expected to increase the greenhouse by 164,000 square feet and increase production by some 40,000 kilos per year.

Further north, work continues at the Canada Campus, a 126-acre site at Okanagan Falls, British

Columbia. The 740,000 square foot facility will have an estimated output capacity of 100,000 kg annually and is expected to become operational in 2019, which will complement Sunniva’s other Canadian subsidiary, Natural Health Services (NHS). NHS, which owns and operates seven medical marijuana clinics in Canada, has a patient base of 95,000, which is served by 21 physicians. The Canadian market is just as likely to embrace vaporization, a delivery format that could make cannabis consumption much safer health wise than tobacco ever was.

For more information, visit the company’s website at www.sunniva.com

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About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.net

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$NUGL Launches iOS and Android Apps in iTunes and Google Play Stores

LOS ANGELES, June 27, 2018 — via NetworkWire – NUGL Inc. (OTC:NUGL) (the “Company”), the cannabis industry’s new standard of technology, today announces the release of its Apple and Android apps in Google Play and iTunes Stores.

Built as a web application, NUGL is a software application that acts and works like an app on any device. NUGL’s database includes listings for dispensaries, strains, doctors, lawyers, service professionals, vape shops, hydro stores and brands. The company focuses on leading the evolution in business relations, development and organic data in the cannabis industry with metasearch technology.

“Our web app is 100 percent responsive to any device and performs just as an app would on a phone, tablet or computer in all internet browsers,” Jeff Odle, CTO of NUGL, said. “Most users are on their phones, so we built software that works on a phone whether you download the app or use your phone’s browser.”

NUGL recently presented the application at the Southern California Business and Investment Group (“SCCBIG”), receiving positive feedback. NUGL has developed technology that is needed and relevant in the industry by listening to the Company’s user base, Odle said. NUGL’s team is committed to providing what users are asking for, which includes a ratings platform that allows for enhanced reviews that are transparent, customized, organic and unbiased. The software’s rating platform also provides invaluable feedback to shops and professional services.

“I am proud to have NUGL present to the group,” James Jordan, president and founder of SCCBIG, said. “We are speaking about start-ups and NUGL offers marketing and distribution features that every cannabis start-up needs.”

NUGL is on track to become a major asset for the global cannabis industry and related services sectors. NUGL is the new standard in cannabis technology, serving as both a networking platform for all types of cannabis companies and as a directory that allows users to search profiles ranging from real estate agents to specific cannabis brands. NUGL is carving out a niche, serving international markets with a cutting-edge technology that provides a much-needed service in the cannabis industry.

About NUGL

NUGL is the world’s first cannabis search app built for the people, by the people. NUGL’s goal is to build the most user-friendly app experience in the cannabis industry by listening to its users and giving them what they want. NUGL is the only cannabis search app that offers equal and unbiased search results. NUGL does not sell top-spot listings or fake reviews, which means data stays true. Use NUGL to search for genuine user-rated dispensaries, strains, doctors, lawyers, cannabis service providers, vape shops, hydro stores, brands and more.

For more information and updates, visit one of the links below.

Website: http://www.nugl.com/
Facebook: https://www.facebook.com/justnuglit/
Instagram: https://www.instagram.com/justnuglit/
Twitter: https://twitter.com/JustNUGLit

Forward-Looking Statements

Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: “plans”, “anticipates,” “expects,” “believes” or similar words of like kind. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in the company’s business plan and filings with the OTC Markets Group.

Contact Information:

Website: www.nugl.com
Email: info@nugl.com
Phone: (714) 383-9982

Corporate Communications Contact:

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

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$NETE NetworkNewsWire Releases Exclusive Audio Interview

NEW YORK, June 28, 2018 — NetworkNewsAudio, via NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company that delivers a new generation of social communication solutions for business, today announces the online availability of its interview with Net Element, Inc. (NASDAQ:NETE), a client of NNW and global technology and value-added solutions group.

The interview can be heard at http://nnw.fm/547Sh

NNW’s Stuart Smith introduces Net Element’s CEO Oleg Firer in an interview that provides insight into the company’s business model and international financial technology (fintech) payment solutions.

With a leadership team boasting extensive experience in the payments industry, Net Element is focused on providing global payment processing services and value-added solutions. Specifically, the company offers point-of-sale solutions (“POS”) that enable retail or ecommerce merchants to accept cashless payments from consumers.

Net Element’s solutions are geared to take advantage of opportunity in the business-to-business (“B2B”) sector, which is growing at a rapid clip and dwarfing the business-to-consumer (“B2C”) industry. Global B2B sales are estimated at $7.7 trillion compared to the $2.3 trillion B2C market. Net Element’s Aptito platform enables streamlined payment processing at the POS, enabling merchants to drive more business through its marketing tools and to offer a variety of payment alternatives.

In addition to its Aptito offering, the Net Element product line provides a variety of next-generation solutions, including a U.S. merchant payment acceptance platform, an international ecommerce platform that enables online payment acceptance and hundreds of payment methods in numerous countries across the globe, and many more. According to Firer, Net Element’s complete line of products and service offerings are designed “to streamline payments at the point of sale and increase revenues for the merchants internationally.”

Throughout the remainder of 2018 and moving forward, Net Element is focused on increasing profitability. With a strong track record in this area, having increased Net Element revenues to $60 million in under three years, the company aims to continue to drive revenue and business growth without increasing overhead. Net Element processes transactions in over 50 countries, and in 2017 completed $2.8 billion in over 150 million transactions, coming “close to the $3 billion mark. That is a number that’s continuously scaling,” indicates Firer, attributing continued growth to the company’s solutions and international reach.

About Net Element

Net Element, Inc. (NASDAQ:NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the U.S. and selected emerging markets. In the U.S., it aims to grow transactional revenue by innovating SME productivity services through its suite of proprietary solutions – including Aptito, Digital Provider, Payonline, Unified mPOS and Netevia – designed to streamline payments at the point of sale. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500™. In 2017, Net Element was recognized by South Florida Business Journal’s as one of 2016’s fastest growing technology companies. Further information is available at www.NetElement.com.

For more information, visit the company’s website at https://www.NetElement.com

About NetworkNewsAudio

NetworkNewsAudio, a service of NetworkNewsWire (NNW), allows you to sit back and listen to market updates, interviews and company press releases. NetworkNewsAudio keeps you informed on publicly traded companies we’re watching. The audio clips provide snapshots of position, opportunity and momentum. NetworkNewsAudio is a Brand Awareness Distribution Solution from NetworkNewsWire.

For more information, visit: http://www.NetworkNewsAudio.com

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, please visit https://www.NetworkNewsWire.com.

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.

Corporate Communications Contact:

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Thursday, June 28th, 2018 Uncategorized Comments Off on $NETE NetworkNewsWire Releases Exclusive Audio Interview

$FRSX NetworkNewsWire Releases Exclusive Audio Interview

NEW YORK, June 28, 2018  — NetworkNewsAudio, via NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company that delivers a new generation of social communication solutions for business, today announces the online availability of its interview with Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) (TASE:FRSX), a client of NNW engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry.

The interview can be heard at http://nnw.fm/d6IFD.

NNW’s Stuart Smith introduces Foresight’s VP of Business Development Doron Cohadier to an interview that highlights the company’s unique business model, products and solutions that are designed to drive the future in the assisted and semi and fully-autonomous vehicle industry.

The interview begins with an introduction of FRSX as a holding company, composed of three pillars. Foresight Automotive Ltd. (“Foresight”), FRSX’s wholly owned subsidiary, is developing advanced accident prevention solutions based on vision systems and stereoscopic technology. The second pillar, Eye-Net™, is developing cellular-based vehicle-to-anything (V2X) solutions. FRSX also holds 32-percent equity of RailVision, which is developing advanced systems for railway safety, security and maintenance based on vision systems.

Foresight’s solutions are unique collision prevention systems  based-on vision capabilities, as well as patented stereoscopic technology that has been deployed in critical facilities in the field of homeland security for almost the last two decades. The team is leveraging this powerful technology to create advanced systems within the automotive arena. Foresight has secured early investment interest from the automotive industry by demonstrating the advanced performance of its technology.

Foresight has developed three main products. Eyes-On™ is an Advanced Driver Assistance System (ADAS) solution that utilizes two visible-light cameras and stereoscopic technology that is aimed as a warning or  intervening system for the OEM market or as a retrofit system for vehicles not equipped with an OEM-ADAS system. QuadSight™ is a multispectral vision system that includes the same advanced vision system leveraged with Eyes-On but also incorporates addition of two infrared cameras and stereoscopic technology. The main difference in the QuadSight system is that it provides powerful sensory capability for all weather and lighting conditions. The very unique product is designed to address the industry’s largest challenge of dealing with extreme weather scenarios. Thirdly, the company’s complimentary product, Eye-Net™, is a cellular V2X solution that provides full capabilities of handling non-line-of-sight scenarios where sensory response technology may be coupled with vision capabilities for added safety.

The company is led by a strong team with extensive combined experience in business operations, development, marketing, finance, technology, project, supply chain and global management across multiple industries. The team also leverages expertise in multi-disciplinary fields of electro-optical systems, image processing and 3D reconstruction.

Foresight accomplished many milestones throughout 2017, including the successful launch of seven pilot programs with leading OEMs in both the Far East and Europe to demonstrate capabilities of the Eyes-On system. The company also completed development of a real-time Eyes-On prototype that garnered substantial fundraising, mid-2017 listing on NASDAQ, as well as successful launch of the company’s flagship product, QuadSight, at the CES show in January 2018. The product gained worldwide attention, bringing unique capabilities in the world of vision. Finally, RailVision achieved successful pilots with leading European rail operators.

Looking into the remainder of 2018 and moving forward, the company will focus on QuadSight and the sale of evaluation kits that Cohadier indicates, “will allow us, at an early stage, to be in connection with various key stakeholders in the automotive industry.” Through these early connections, the company aims to establish mutual cooperation with key industry clients. Additional goals for Foresight include expansion of business activity across its entire product line, acceleration of research and development efforts, as well as completion of a planned spinoff and merger of Eye-Net to a separate publicly traded company.

In highlighting the unique needs of the market based on Foresight’s expertise as well as many discussions with automotive vehicle manufacturers, multiple winning technologies will be incorporated in the future of autonomous driving. However, Cohadier indicated that one feature stands out, stating, “Vision will always be needed” in order to identify traffic lanes, signs, lights, other vehicles, etc. Foresight understands the value of vision in its products and its focus, as Cohadier states, is “to provide the market with the best vision systems, not only for fully-autonomous but for ADAS and semi-autonomous” sectors of the industry.

About Foresight

Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry. Foresight’s vision systems are based on 3D video analysis, advanced algorithms for image processing and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention which are designed to provide real-time information about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company’s systems are targeting the Advanced Driver Assistance Systems (ADAS), semi-autonomous and autonomous vehicle markets. The company predicts that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology.

For more information, visit the company’s website at http://www.ForesightAuto.com

About NetworkNewsAudio

NetworkNewsAudio, a service of NetworkNewsWire (NNW), allows you to sit back and listen to market updates, interviews and company press releases. NetworkNewsAudio keeps you informed on publicly traded companies we’re watching. The audio clips provide snapshots of position, opportunity and momentum. NetworkNewsAudio is a Brand Awareness Distribution Solution from NetworkNewsWire.

For more information, visit: http://www.NetworkNewsAudio.com

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, please visit https://www.NetworkNewsWire.com.

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.

Corporate Communications Contact:

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

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$PBIO Recent Equity Swap Boosts Plans to Uplist

  • Equity swap further boosts Pressure BioSciences’ plans to uplist to a major stock exchange later this year
  • Latest deal brings total debt-to-equity conversions to over $13.6M in past 30 days
  • 2015/2016 debentures, line-of-credit and promissory note, plus various short-term debt, now converted to equity
  • Company’s recently acquired Pre-EMT™ platform, allowing for improved protein-based drug development, has significant market potential and adds to a string of technological developments

Pressure BioSciences Inc.’s (OTCQB: PBIO) ambitions to achieve listing on a major stock exchange this year have taken another major step forward as yet another group of debt holders have agreed to a debt-to-equity swap, this time amounting to $7.24 million, representing a strong message of investor support. The total amount of debt that has been converted to equity is now over $13.6 million, all in just the past four weeks (http://nnw.fm/y5V2d).

In a news release, Joseph L. Damasio, the company’s VP of finance and CFO, said, “With today’s announced conversion of an additional $7.24M of debt to equity, total loan debt has been reduced from approximately $16.6M to approximately $3.0M, an amount that we believe is manageable by PBI. We are continuing to talk to the remaining debt holders and have reason to believe that several more may follow the lead of the approximate 40+ debt holders who have converted their debt into equity over the past 30 days. If they do, we believe the amount of loan debt on our Balance Sheet could decrease by an additional 10-20%.”

Jeffrey N. Peterson, chairman of the board of directors, added, “We believe PBI’s recent accomplishments, when combined with the conversion of the majority of our loan debt into equity, will materially enhance our stated objective of uplisting to a national exchange (NASDAQ, NYSE/Amex) later in 2018, which should result in a more stable, attractive, and valuable company for all shareholders.”

This announcement follows a long list of positive news for the company, including first quarter revenue growth and the agreement of an earlier $6.39 million debt-to-equity swap with the company’s 2015/2016 Convertible Debenture Holders, made public on May 18, 2018 (http://nnw.fm/qNy6T).

Pressure BioSciences develops and produces life sciences laboratory tools based on its pioneering Pressure Cycling Technology (PCT). This patented technology is a powerful instrument that enables scientists to prepare biological samples for use in a wide range of fields, including biomarker discovery, pathology, forensics and agriculture.

The company’s PCT systems, including instruments and related consumables, are in use throughout the U.S., Canada, Europe, Australia, Japan and China, with 300 systems set up in more than 150 labs. The PCT system boasts a number of advantages over other methods, including better DNA detection and improved extraction of cell membrane and other proteins.

Pressure BioSciences is also in collaboration with Phasex Corporation to create water-soluble nanoemulsions, which could have wide-ranging uses in pharmaceutical research and development, cosmetics, food production and various industrial applications (http://nnw.fm/jQ1Du).

Phasex develops separation processes for extracting various compounds, natural extracts and chemicals using its supercritical fluid (SCF)-based toll processors. By combining Phasex’s extraction methods and PBI’s Ultra Shear Technology (UST) – an innovative technique based on the use of intense shear forces generated by ultra-high pressure – the companies expects to develop stable nanoemulsions that will be of significant commercial interest.

Emulsification refers to the process by which liquids that cannot ordinarily be blended together are held in a mixture, usually with the addition of another chemical, known as a surfactant or an emulsifier. Nanoemulsions allow extremely tiny droplets of one liquid to be mixed with another. Because the droplets are so small, nanoemulsions allow a larger amount of so-called “hydrophobic” liquids to be mixed with water. When used in medicine, this could mean that the nanoparticles are more readily absorbed into the body, resulting in treatments that are more effective. The applications extend beyond medicine to a number of other industries.

With its Ultra Shear Technology, Pressure BioSciences can reduce the need to add surfactants while creating nanoemulsions, which should lead to a purer compound with fewer additives and greater stability.

The company is also optimistic about the market potential of yet another one of its groundbreaking technologies: the Pre-EMT™ platform, which helps pharmaceutical companies create protein-based medicines, and it has already attracted interest from the pharmaceutical industry. Pressure BioSciences acquired Pre-EMT™ when it recently bought all of the assets of BaroFold, Inc., the previous owners of the technology.

Since the acquisition, Pressure BioSciences has entered into a contract with a drug company interested in using Pre-EMT™ to develop protein-based therapeutics, and more deals are in the pipeline (http://nnw.fm/4Lkrx).

For more information, visit the company’s website at www.PressureBioSciences.com

More from NetworkNewsWire

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Wednesday, June 27th, 2018 Uncategorized Comments Off on $PBIO Recent Equity Swap Boosts Plans to Uplist

$TGODF Accelerates European Expansion with Denmark Joint Venture

TORONTO, June 27, 2018 — The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (OTCQX:TGODF) is pleased to announce it has signed a letter of intent (“LOI”) for a 50/50 joint venture (“JV”) with Queen Genetics/Knud Jepsen A/S (“Knud Jepsen”) based in Hinnerup, Denmark. The JV will initially consist of 200,000 sq. ft. located within Knud Jepsen’s  1.3 million sq. ft. state-of-the-art automated greenhouses in Denmark. The approximately 200,000 square feet of advanced buildings to be dedicated to the JV were designed and engineered by Thomas Larssen of Aurora Larssen Projects Inc. and will provide an opportunity for TGOD to increase its total organic funded capacity by approximately 25,000 kgs. This will provide a consistent supply of high-quality organic cannabis grown in Europe, ready for the local European markets and increases TGOD’s funded capacity to 195,000 kgs.

The JV will focus on the cultivation of premium organic cannabis and primary extraction following TGOD’s organic growing protocols and using Knud Jepsen’s years of advanced R&D directed towards plant genetics and breeding, including many patented discoveries that could be applied towards the cultivation of premium organic medicinal cannabis. TGOD will have the exclusive right to all cannabis-related production at the JV through a guaranteed offtake agreement at a pre-determined value over the production cost to the JV.

Founded in 1939, Knud Jepsen has more than 75 years of experience in all areas of horticulture ranging from genetics and breeding to international partnerships and setting-up global distribution networks. Knud Jepsen is the world’s largest Kalanchoes breeder and producer distributing and selling more than 35 million finished plants in Europe and 90 million cuttings to over 75 countries each year. Over 425 people are employed by Knud Jepsen within their global operations which in addition to Denmark include an 880,000 sq. ft. flower and young plant production facility in Turkey, and a 700,000 sq. ft. facility in Vietnam specializing in producing cuttings belonging to the Queen® Genetic assortment.

A strong focus on R&D has been at the core of Knud Jepsen’s operations since inception with special attention paid to genetic stock development and novel trait identification with a goal to create plants that have consistent regulated heights, are more compact, have stronger cell walls, are more resistant to disease, and have increased secondary metabolite production. In a testament to their award-winning team, each year between 20-30 new novel traits are introduced, and a partnership with The University of Copenhagen has yielded several registered patents related to their team’s advanced research around Natural Transformance.  Environmental sustainability and energy conservation has also been a core principal of Knud Jepsen where the drive to save energy and reduce power costs within their Denmark operations has led to integrated grid planning in an effort to reduce the overall blended rate of energy through the use of a 6MW natural gas co-generation facility, the extraction of solar energy through heat pumps, the integration of waste-based district heating through a direct pipeline from a biomass waste plant for low-cost heating, as well as planning of energy usage and storage based on production planning and the incorporation of weather forecasts into AI-type energy consumption planning.

“Europe, being home to 750 million people, is a key market, and Knud Jepsen has nearly 3 million sq. ft. of horticultural operations, 75 years of operating experience and a significant focus on R&D providing an incredible platform for TGOD to enter the European market,” said Csaba Reider, the Company’s President. “These first two facilities are simply the first step in our business plan to enter Europe at scale. We look forward to completing our final agreement in the coming weeks,” continued Mr. Reider.

”We are very excited about entering the European market as the leader of international organic cultivation,” said Robert Anderson, TGOD’s CEO. “Organic is one of our key differentiators, and when creating a catalog of higher margin products across varying delivery methods, organic inputs make a significant difference in the end product. This JV establishes TGOD’s product across Europe and increases our funded capacity to 195,000 kgs. This represents another significant step forward as we create the largest organic cannabis brand in the world,” Anderson continued.

“We are excited to partner with TGOD, the global leader in organic cannabis, to launch our company’s cannabis division,” stated Frands Jepsen, Knud Jepsen’s CEO. “This is a symbiotic relationship in which TGOD can leverage our global footprint, 450+ employees, and 75+ years’ operating experience and we can leverage TGOD’s organic cannabis brand, cultivation experience, and proven management team to enter the European cannabis market quickly, and at scale.”

Closing of the transaction is subject to customary conditions, including the signing of definitive documents, completion of satisfactory due diligence, and applicable regulatory approvals.

ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD.

The Green Organic Dutchman Holdings Ltd. is a research & development company licensed under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) to cultivate medical cannabis. The Company carries out its principal activities producing cannabis from its facilities in Ancaster, Ont., pursuant to the provisions of the ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations.

The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 170,000 kg of cultivation facilities in Ontario and Quebec and Jamaica.

TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.

CONTACT INFORMATION

Investor Relations
Email: invest@tgod.ca
Phone: 1 (416) 900-7621
www.tgod.ca

Forward-Looking Information Cautionary Statement

This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward looking statements in this release includes, but is not limited to, statements about the future legalization of recreational cannabis and cannabis-infused products in Canada, statements about future research, development and innovation by the Company, statements about the offering of any particular products by the Company in any particular territory and statements regarding the future performance of the Company. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accept responsibility for the adequacy or accuracy of this release.

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$HMMR Gearing Up for 5G

  • Major carriers preparing to roll out 5G wireless upgrades in the coming months
  • Hammer Fiber Optics Holdings technology suited to sustain telecommunications needs of Tier 2, Tier 3 communities
  • 1stPoint Communications acquisition creates triple play, mobile-to-mobile opportunities

As the world prepares for next-generation 5G wireless cell service (http://nnw.fm/6IhoT), telecommunications company Hammer Fiber Optics Holdings Corp. (OTCQB: HMMR) is building its efforts to grow its New Jersey, New York and Pennsylvania base of operations into a national program that will provide service on a neighborhood-access basis. The company is aligning itself with like-minded businesses as it works to deliver low-cost, high-capacity broadband to phone, Internet and television service markets across the country.

The company plans to begin live field testing of its new “pre-5G” system this year to coincide with the earliest rollout of the transformational 5G technology in select parts of the United States, with commercial service to follow in the coming months. The 5G technology will enable far faster data transmission and buffering than 4G LTE as consumers worldwide upgrade mobile-access devices and local governments move to smaller, shorter-range signal distribution systems (http://nnw.fm/t6g1H).

Hammer Fiber Optics Holdings, doing business as Hammer Communications, recently launched its 5G-ready Hammer Wireless AIR point-to-multipoint system to increase the options available to customers and to improve service in rural areas. The May 17 announcement of its Mobile Network Services Provider program in tandem with 1stPoint Communications will allow phone-Internet-TV triple play services as well as Smart City and mobile-to-mobile capabilities on the same network platform with an “everything wireless” philosophy for geographical regions (http://nnw.fm/ak9cK). Wireless networks are driving the transformation of the overall telecommunications industry as services continue to converge under one platform, with cable TV operators entering wireless network agreements through incumbent carriers, telecom operators entering pay-TV streaming services and a wide array of corporations making big-ticket acquisitions that create media powerhouses (http://nnw.fm/RW6fJ).

This is the beginning of the transformation of Hammer Communications,” Mark Stogdill, Hammer’s founder, stated in the news release announcing the MNSP program. “The Air system is capable of supporting not only a residential access network, but can empower carriers, municipalities and customers to deploy a variety of applications through our network.”

Kristen Vasicek, the director of marketing for 1stPoint, added, “Following on Hammer’s successful deployment in Atlantic County (New Jersey) we have the template for the deployment anywhere nationwide or even globally.”

NetworkNewsWire, a multifaceted financial news and publishing company, published an editorial on the company May 24 that comments, “Hammer’s AIR System is now looking to many industry analysts like it may be the ideal solution for everything from bridging the digital divide in underserved rural communities to addressing increasingly abundant data roaming opportunities and M2M concerns. This innovative, patented technology represents what could be a major advantage for the company, as no one in the industry today offers what Hammer is already doing” (http://nnw.fm/Vb9UD).

Hammer’s proposed acquisition of 1stPoint and its subsidiaries would give the company the benefit of exclusive rights to the patented AIR wireless technology as well as to 1stPoint’s switching technology, its underlying competitive local exchange carriers (CLECs) and its Commercial Mobile Radio Services operator.

The advent of fixed wireless technology continues breeding new technologies in the internet of things industry, and the entry of 5G speeds is expected to sustain advances for self-driving cars, smart homes and increasingly sophisticated robots. For now, Hammer’s primary excitement centers around its potential to boost services in smaller Tier 2 and Tier 3 markets where competitive-cost service diversity may not exist.

For information about Hammer Fiber Optics Holdings, visit the company’s website at www.HammerCorp.info.

More from NetworkNewsWire

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Wednesday, June 27th, 2018 Uncategorized Comments Off on $HMMR Gearing Up for 5G

$NUGL Launches Application on iTunes and Google Play Stores

LOS ANGELES, June 27, 2018 — via NetworkWire – NUGL Inc. (OTC:NUGL) (the “Company”), the cannabis industry’s new standard of technology, today announces the release of its Apple and Android apps in Google Play and iTunes Stores.

Built as a web application, NUGL is a software application that acts and works like an app on any device. NUGL’s database includes listings for dispensaries, strains, doctors, lawyers, service professionals, vape shops, hydro stores and brands. The company focuses on leading the evolution in business relations, development and organic data in the cannabis industry with metasearch technology.

“Our web app is 100 percent responsive to any device and performs just as an app would on a phone, tablet or computer in all internet browsers,” Jeff Odle, CTO of NUGL, said. “Most users are on their phones, so we built software that works on a phone whether you download the app or use your phone’s browser.”

NUGL recently presented the application at the Southern California Business and Investment Group (“SCCBIG”), receiving positive feedback. NUGL has developed technology that is needed and relevant in the industry by listening to the Company’s user base, Odle said. NUGL’s team is committed to providing what users are asking for, which includes a ratings platform that allows for enhanced reviews that are transparent, customized, organic and unbiased. The software’s rating platform also provides invaluable feedback to shops and professional services.

“I am proud to have NUGL present to the group,” James Jordan, president and founder of SCCBIG, said. “We are speaking about start-ups and NUGL offers marketing and distribution features that every cannabis start-up needs.”

NUGL is on track to become a major asset for the global cannabis industry and related services sectors. NUGL is the new standard in cannabis technology, serving as both a networking platform for all types of cannabis companies and as a directory that allows users to search profiles ranging from real estate agents to specific cannabis brands. NUGL is carving out a niche, serving international markets with a cutting-edge technology that provides a much-needed service in the cannabis industry.

About NUGL

NUGL is the world’s first cannabis search app built for the people, by the people. NUGL’s goal is to build the most user-friendly app experience in the cannabis industry by listening to its users and giving them what they want. NUGL is the only cannabis search app that offers equal and unbiased search results. NUGL does not sell top-spot listings or fake reviews, which means data stays true. Use NUGL to search for genuine user-rated dispensaries, strains, doctors, lawyers, cannabis service providers, vape shops, hydro stores, brands and more.

For more information and updates, visit one of the links below.

Website: http://www.nugl.com/
Facebook: https://www.facebook.com/justnuglit/
Instagram: https://www.instagram.com/justnuglit/
Twitter: https://twitter.com/JustNUGLit

Forward-Looking Statements

Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: “plans”, “anticipates,” “expects,” “believes” or similar words of like kind. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in the company’s business plan and filings with the OTC Markets Group.

Contact Information:

Website: www.nugl.com
Email: info@nugl.com
Phone: (714) 383-9982

Corporate Communications Contact:

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Wednesday, June 27th, 2018 Uncategorized Comments Off on $NUGL Launches Application on iTunes and Google Play Stores

$TSRI Major Stockholder Requests TSR to Pursue Sale of Company

TSR, Inc. (Nasdaq:TSRI) (“TSR” or the “Company”) announced today that on June 25, 2018, the Company received a letter from James Hughes on behalf of Joseph F. Hughes and Winifred M. Hughes, in which Joseph F. Hughes and Winifred M. Hughes requested that the Company’s Board of Directors pursue a sale of the Company. Joseph F. Hughes is the former Chairman and Chief Executive Officer of the Company, and he and Mrs. Hughes together own a total of 819,000 shares of the Company’s common stock, which represents approximately 41.8% of the Company’s issued and outstanding common stock. The Company has provided a copy of the letter to the members of its Board of Directors for review.

 

Contacts

TSR, Inc.
John Sharkey, 631-231-0333

Tuesday, June 26th, 2018 Uncategorized Comments Off on $TSRI Major Stockholder Requests TSR to Pursue Sale of Company

$TGODF Partner Aurora Cannabis Announces $200 Million Debt Facility With BMO

Aurora Cannabis Inc. (“Aurora” or the “Company”) (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P); (WKN: A1C4WM) announced today that it has agreed to a new $200 million debt facility, with a potential upsize to $250 million, with the Bank of Montreal (“BMO”).

The facility will consist of a $150 million term loan and a $50 million revolving credit facility (together, the “Loans”), both of which will mature in 2021. A short period after the implementation of Bill C-45 in October 2018, the Company may request an increase of up to a further $45 million to the term loan subject to agreement by BMO and satisfaction of certain legal and business conditions. BMO will also be providing up to $5 million in other credit instruments. Closing of the debt facility is subject to completion of final due diligence, negotiation of definitive documentation, and satisfaction of conditions precedent customary to a financing of this nature.

The debt facility will be primarily secured by Aurora’s production facilities, including Aurora Sky, Aurora Mountain, and Aurora Vie. Strategically located at Edmonton International Airport, Aurora Sky is the world’s most technologically advanced cannabis facility, projected to produce in excess of 100,000 kg per year of high-quality cannabis at low per gram costs, and slated to deliver its first harvest this week.

“Having successfully met all of BMO’s stringent risk assessment and other due diligence criteria to establish this facility reflects well on the maturity, progress and prospects of Aurora, as well as the quality and economic value of our production facilities,” said Terry Booth, CEO. “This is by far the largest traditional debt facility in the cannabis industry to date. The funds provide us additional fuel to complement our end-to-end portfolio of vertically integrated, geographically and horizontally diversified assets, aimed at building a pre-eminent global cannabis company with a superior margin profile.”

Glen Ibbott, CFO of Aurora, added, “The shift to traditional debt financing is significant. Our cost of capital continues to decrease, providing us a distinct competitive advantage as we execute on our growth strategy. The non-dilutive nature and attractive pricing are consistent with Aurora’s commitment to generating shareholder value. We believe this is a major milestone in the cannabis industry and a validation of our operational effectiveness. It also marks an exciting new stage of our long-term relationship with BMO, a Tier 1 bank with a sterling domestic and international reputation.”

The Loans can be repaid without penalty at Aurora’s discretion. The pricing of the Loans is a set margin over the BMO CAD Prime Rate or a Bankers’ Acceptance of appropriate term. Based on the current BMO CAD Prime Rate, the interest payable is expected to be in the mid to high 4% per annum range over the term of the Loans.

More details on this new sector benchmark debt facility can be found in the Company’s documents once filed on http://www.sedar.com.

About Aurora

Headquartered in Edmonton, Alberta, with funded capacity in excess of 430,000 kg per year and operations across Canada and in Europe, Aurora is one of the world’s largest cannabis companies. The Company is vertically integrated and horizontally diversified across every key segment of the value chain, from facility design and engineering, to cannabis breeding and genetics research, cannabis and hemp production, extraction and high value-add product development, home cultivation and wholesale and retail distribution.

Highly differentiated from its peers, Aurora has established a uniquely advanced, consistent and efficient production strategy, based on purpose-built facilities that integrate leading-edge technologies across all processes. Intended to be replicable and scalable globally, these production facilities are designed to produce cannabis on a massive scale, with high flower quality, industry-leading yields, and ultra-low per gram production costs. Each of the Company’s facilities is built to meet European Union (EU) GMP standards, and both its first production facility and its wholly owned European medical cannabis distributor Pedanios have achieved that level of certification.

In addition to its rapid organic growth and strategic M&A, which to date includes nine companies acquired, Aurora is distinguished by its reputation as a partner of choice in the cannabis sector, having invested in and established strategic partnerships with a range of leading innovators, including: The Green Organic Dutchman Holdings Ltd. (TSX: TGOD), Radient Technologies Inc. (TSXV: RTI), Hempco Food and Fiber Inc. (TSXV: HEMP), Cann Group Ltd. (ASX: CAN), Micron Waste Technologies Inc. (CSE: MWM), Choom Holdings Inc. (CSE: CHOO), Namaste Technologies Inc. (TSXV: N), and Alcanna Inc. (TSX: CLIQ).

Aurora’s Common Shares trade on the TSX under the symbol “ACB”, and are a constituent of the S&P/TSX Composite Index.

For more information about Aurora, please visit our investor website https://investor.auroramj.com.

Forward looking statements

This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

Terry Booth, CEO
Aurora Cannabis Inc.

Marc Lakmaaker
+1-647-269-5523
marc.lakmaaker@auroramj.com
http://www.auroramj.com

Rob Kelly
+1-647-331-7228
rob.kelly@auroramj.com
http://www.auroramj.com

U.S. investors:
Phil Carlson / Elizabeth Barker
KCSA Strategic Communications
Phone: (212)-896-1233 / (212)-896-1203,
Email: pcarlson@kcsa.com / ebarker@kcsa.com

Tuesday, June 26th, 2018 Uncategorized Comments Off on $TGODF Partner Aurora Cannabis Announces $200 Million Debt Facility With BMO

$HMMR Offers High-Tech Wireless Communications Potential for Small Communities

June 26, 2018

  • Major carriers preparing to roll out 5G wireless upgrades in the coming months
  • Hammer Fiber Optics Holdings technology suited to sustain telecommunications needs of Tier 2, Tier 3 communities
  • 1stPoint Communications acquisition creates triple play, mobile-to-mobile opportunities

As the world prepares for next-generation 5G wireless cell service (http://nnw.fm/6IhoT), telecommunications company Hammer Fiber Optics Holdings Corp. (OTCQB: HMMR) is building its efforts to grow its New Jersey, New York and Pennsylvania base of operations into a national program that will provide service on a neighborhood-access basis. The company is aligning itself with like-minded businesses as it works to deliver low-cost, high-capacity broadband to phone, Internet and television service markets across the country.

The company plans to begin live field testing of its new “pre-5G” system this year to coincide with the earliest rollout of the transformational 5G technology in select parts of the United States, with commercial service to follow in the coming months. The 5G technology will enable far faster data transmission and buffering than 4G LTE as consumers worldwide upgrade mobile-access devices and local governments move to smaller, shorter-range signal distribution systems (http://nnw.fm/t6g1H).

Hammer Fiber Optics Holdings, doing business as Hammer Communications, recently launched its 5G-ready Hammer Wireless AIR point-to-multipoint system to increase the options available to customers and to improve service in rural areas. The May 17 announcement of its Mobile Network Services Provider program in tandem with 1stPoint Communications will allow phone-Internet-TV triple play services as well as Smart City and mobile-to-mobile capabilities on the same network platform with an “everything wireless” philosophy for geographical regions (http://nnw.fm/ak9cK). Wireless networks are driving the transformation of the overall telecommunications industry as services continue to converge under one platform, with cable TV operators entering wireless network agreements through incumbent carriers, telecom operators entering pay-TV streaming services and a wide array of corporations making big-ticket acquisitions that create media powerhouses (http://nnw.fm/RW6fJ).

This is the beginning of the transformation of Hammer Communications,” Mark Stogdill, Hammer’s founder, stated in the news release announcing the MNSP program. “The Air system is capable of supporting not only a residential access network, but can empower carriers, municipalities and customers to deploy a variety of applications through our network.”

Kristen Vasicek, the director of marketing for 1stPoint, added, “Following on Hammer’s successful deployment in Atlantic County (New Jersey) we have the template for the deployment anywhere nationwide or even globally.”

NetworkNewsWire, a multifaceted financial news and publishing company, published an editorial on the company May 24 that comments, “Hammer’s AIR System is now looking to many industry analysts like it may be the ideal solution for everything from bridging the digital divide in underserved rural communities to addressing increasingly abundant data roaming opportunities and M2M concerns. This innovative, patented technology represents what could be a major advantage for the company, as no one in the industry today offers what Hammer is already doing” (http://nnw.fm/Vb9UD).

Hammer’s proposed acquisition of 1stPoint and its subsidiaries would give the company the benefit of exclusive rights to the patented AIR wireless technology as well as to 1stPoint’s switching technology, its underlying competitive local exchange carriers (CLECs) and its Commercial Mobile Radio Services operator.

The advent of fixed wireless technology continues breeding new technologies in the internet of things industry, and the entry of 5G speeds is expected to sustain advances for self-driving cars, smart homes and increasingly sophisticated robots. For now, Hammer’s primary excitement centers around its potential to boost services in smaller Tier 2 and Tier 3 markets where competitive-cost service diversity may not exist.

For information about Hammer Fiber Optics Holdings, visit the company’s website at www.HammerCorp.info.

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www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Tuesday, June 26th, 2018 Uncategorized Comments Off on $HMMR Offers High-Tech Wireless Communications Potential for Small Communities

$FRSX Inks MOU with Vehicle Importer in Israel

According to preliminary estimates by the importer, the importer’s purchasing potential is approximately 21,000 systems over a period of three years from the signing of the binding agreement

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today the signing of a non-binding memorandum of understanding with a direct importer of several leading vehicle manufacturers to Israel.

The memorandum of understanding covers the terms of an agreement for the sale of Foresight’s Eyes-OnTM system for aftermarket configuration (installation of the product in vehicles after leaving the production line) and integration into the importer’s vehicles in Israel.

As a first step, once a binding agreement is signed, Foresight and the importer will carry out a pilot project using a beta version of the Eyes-OnTM system where the system will be integrated into a number of models from the importer’s fleet of vehicles (up to 25 vehicles).

According to the memorandum of understanding, the binding agreement shall stipulate the terms upon which Foresight will provide the importer with the Eyes-OnTM system, following successful completion of the pilot test according to predetermined criteria. In addition, the importer will carry out promotional activities to integrate Foresight’s products into the production lines of the vehicle manufacturers it represents in Israel.

According to preliminary estimates by the importer, the importer’s purchasing potential is approximately 21,000 systems over a period of three years from the signing of the binding agreement.

Eyes-OnTM is an advanced driver assistance system (ADAS) and the first product developed by Foresight. Eyes-OnTM is a unique automotive stereo vision system based on two visible-light cameras using advanced algorithms for accurate depth analysis and obstacle detection. The system detects many potential obstacles, including vehicles, pedestrians, cyclists, animals and more, while ensuring near zero false alerts.

The Eyes-OnTM system is currently in advanced stages of development after being successfully evaluated in a series of extensive tests, in a number of pilot projects in various countries, and following tests of its demo system by a number of vehicle manufacturers.

About Foresight

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry. Foresight’s vision systems are based on 3D video analysis, advanced algorithms for image processing and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention which are designed to provide real-time information about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company’s systems are targeting the Advanced Driver Assistance Systems (ADAS), semi-autonomous and autonomous vehicle markets. The company predicts that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the memorandum of understanding, whether the parties will enter into a binding agreement and the terms of such agreement, pilot testing and integration of the Eyes-OnTM system in a number of models from the importer’s fleet of vehicles, promotional activity to be carried out by the importer and the purchasing potential of the importer. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release.

The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Foresight’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 27, 2018, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third party websites.

 

Investor Relations:
MS-IR LLC
Miri Segal-Scharia, 917-607-8654
CEO
msegal@ms-ir.com

Tuesday, June 26th, 2018 Uncategorized Comments Off on $FRSX Inks MOU with Vehicle Importer in Israel

$FRSX Raises Additional $6.9 Million Including from Leading Israeli Institutional Investors

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that it has entered into private placement agreements with Israeli investors, including Meitav Dash Group and Psagot Investment House, two leading Israeli institutional investors. Following the closing of the private placements, Meitav Dash Group will hold an aggregate of approximately 5.45% of Foresight’s issued share capital and Psagot Investment House will hold 1.85% of Foresight’s issued share capital.

Pursuant to the terms of the private placements, which totaled $6.9 million (NIS 25 Million) Meitav Dash Group will invest approximately $4.1 million (NIS 14.75 million), Psagot Investment House will invest approximately $1.4 million (NIS 5 million) and additional investors will invest an aggregate of approximately $1.4 million (NIS 5 million). Foresight, subject to customary closing conditions, will issue an aggregate of 21,963,411 ordinary shares to the investors, at a price per share of NIS 2.05 (approximately $0.56 per ordinary share, or $2.81 per ADS). In addition, Foresight agreed to issue warrants to purchase an aggregate of 21,963,411 ordinary shares at an exercise price of $0.80 per share ($4 per ADS), exercisable for a period of 24 months.

The issued ordinary shares will be restricted for a period of six months under Israeli securities laws.

The securities described herein have not been registered under the Securities Act of 1933, as amended, and may not be sold in the United States absent registration or an applicable exemption from the registration requirements.

This press release shall not constitute an offer to sell nor the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Foresight

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry. Foresight’s vision systems are based on 3D video analysis, advanced algorithms for image processing, and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention which are designed to provide real-time information about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company’s systems are targeting the Advanced Driver Assistance Systems (ADAS), semi-autonomous and autonomous vehicle markets. The company predicts that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release.

The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Foresight’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 27, 2018, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third party websites.

Investor Relations:
MS-IR LLC
Miri Segal-Scharia, 917-607-8654
CEO
msegal@ms-ir.com

Monday, June 25th, 2018 Uncategorized Comments Off on $FRSX Raises Additional $6.9 Million Including from Leading Israeli Institutional Investors

$TGODF Details Plans for Additional Cannabis Production Facility

TORONTO, June 22, 2018 — The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (OTCQX:TGODF) is pleased to announce that it has decided to add a 287,245 sq ft. purpose-built facility on its Valleyfield property capable of producing 40,000 kgs of premium organic cannabis. This facility will be dedicated to TGOD’s Beverage Division and increases the Company’s fully-funded capacity to 170,000 kgs.

This newly dedicated cultivation building is being constructed to support TGOD’s previously announced Beverage Division Global-Strategic-Launch-Into-the-Beverage-Industry. This includes a state-of-the-art manufacturing campus designed to conduct strain-specific studies, develop organic IP, and create consumable optimized CBD / THC strains. Due to operating efficiencies within the 72.4 acre Valleyfield property, permits and cultivation licenses granted, the Company anticipates a significantly reduced construction timeline and budget. The Company will build this facility using excess cash raised in its IPO and subsequent bought deal financings. With the synergies to be realized on the existing 72.4 acre Valleyfield property, the construction timeline and unit costs for this additional building enhance the overall economics of the entire facility.

TGOD’s Beverage Division team has a unique understanding of the strict disciplines required for the large-scale, lean-manufacturing of base ingredients used in a multitude of higher margin products. The process begins with TGOD’s breeding facility, moves to the purpose-built cultivation, followed by the state-of-the-art 40,000 sq. ft. Innovation Centre.  TGOD’s beverage production facility will fill the market’s current void and supply premium organic cannabis for R&D specific development in products such as edibles and beverages.

“With the legalization of cannabis announced on June 20th, and Premier Justin Trudeau setting the legalization date of October 17th, the path is paved. The time is now to dedicate infrastructure, services and expertise to developing proprietary products. This is just another step for TGOD in its business plan of creating a distribution hub for large-scale beverage and edible products which can be introduced in Canada and internationally,” said Csaba Reider, TGOD’s President.

“We believe that the beverage and edible market will be the largest single segment of the cannabis market. Cannabis, as the base ingredient, makes these products possible. The medicinal and recreational market for CBD and THC will only increase over time and starting with an organic input is the most important aspect to developing these higher margin products,” continued Mr. Reider.

This facility is fully funded and provides TGOD with a combined funded capacity of 170,000 kgs across four facilities in two countries.

“With the successful vote on Bill C-45 by the Senate, and the fast-approaching adult-use recreational market, we feel that bringing this facility into production quickly will allow TGOD to capture market share and establish our brand.  This facility will allow TGOD to develop strains and IP specifically for beverage manufacturing which can be brought to market in Canada and through our international partnerships,” Robert Anderson, TGOD’s Co-Chairman and CEO stated.

“Our unique organic approach to making major investments into consumables will be a major differentiator in the cannabis market. Our early investments today will allow TGOD to be a leader by taking innovations created in Canada to the rest of the world. We look forward to our expansion into several continents and multiple countries with best in class medicines and products,” Mr. Anderson added.

ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD.

The Green Organic Dutchman Holdings Ltd. is a research & development company licensed under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) to cultivate medical cannabis. The Company carries out its principal activities producing cannabis from its facilities in Ancaster, Ont., pursuant to the provisions of the ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations.

The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 170,000 kg of cultivation facilities in Ontario and Quebec and Jamaica.

TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.

CONTACT INFORMATION

Investor Relations
Email: invest@tgod.ca
Phone: 1 (416) 900-7621
www.tgod.ca

Forward-Looking Information Cautionary Statement

This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward looking statements in this release includes, but is not limited to, statements about the future legalization of recreational cannabis and cannabis-infused products in Canada, statements about future research, development and innovation by the Company, statements about the offering of any particular products by the Company and statements regarding the future performance of the Company. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accept responsibility for the adequacy or accuracy of this release.

Friday, June 22nd, 2018 Uncategorized Comments Off on $TGODF Details Plans for Additional Cannabis Production Facility

$NETE Proprietary Netevia Platform Highlighted in Research Note by JGR Capital

  • Independent research firm JGR Capital predicts more growth for Net Element in North American and emerging markets
  • Research note also highlights company’s focus on the development of blockchain-based technology
  • Via Unified Payments subsidiary, vendors at any event will be able to use mobile point-of-sale tools and self-order kiosks to accept multi-channel payments

Global financial technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) is set for sustained organic growth through its North American transaction solutions segment. Following the release of its first quarter 2018 financial results, which included a 17.8 percent year-over-year revenue increase, independent equity research firm JGR Capital issued an updated research note on May 21 (http://nnw.fm/xh27A). The note mentioned Net Element’s Q1 2018 financial results, which indicated total revenue of $15.98 million, compared to $13.6 million in Q1 2017. It also remarked on how the same first quarter financials show that Net Element managed to cut its selling, general and administrative expenses by over $380,000.

Additionally, the research note made mention of the company’s expansion into international markets, with JGR Capital’s analysts expecting the Russian market to add to Net Element’s international revenues this year. The report attributed Net Element’s strong growth in North America to the success of its Aptito system, a payment service developed for the restaurant sector. Aptito’s cloud-based payment solution allows restaurants to integrate a point of sale solution with digital menus, self-order kiosks and kitchen displays.

Another major point noted by JGR Capital was the company’s focus on the development of blockchain-based technology with the launch of its proprietary Netevia platform, which offers same-day funding to eligible merchants, easy merchant account set up and integration, payment conversion optimization, competitive pricing for payment acceptance services and other advantages and features.

The JGR Capital update came two days before Net Element announced the launch of a payment solution tailor-made for the needs of the multibillion-dollar events industry (http://nnw.fm/O1X2f). Via subsidiary Unified Payments, events industry vendors will be able to use mobile point-of-sale systems and self-order kiosks, as well as benefit from chargeback protection and acceptance of multi-channel payments. Unified Payments’ solutions will be fully integrated with vendors’ existing payment systems, allowing seamless transactions

In a news release, Vlad Sadovskiy, Net Element’s president of integrated payments, said, “We are excited to provide the event management industry with fully integrated, feature rich payment acceptance solutions. Our capabilities have the potential to dramatically change the way event transactions are processed today.”

Vendors will have access to programs such as ‘Fast Pass Funding’, which allows same-day funding; ‘Complimentary Equipment Placement Program’, which offers access to free payments equipment rental and on-site tech support; and ‘Zero Pay’, a cash discount program which will allow vendors to pocket 100 percent of their sales revenue.

The move will allow Net Element to tap into a highly prolific market, which generates more than $330 billion in direct spending and over $845 billion in business sales each year while supporting 5.9 million jobs across the United States (http://nnw.fm/S0cM9).

For more information, visit the company’s website at www.NetElement.com

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Friday, June 22nd, 2018 Uncategorized Comments Off on $NETE Proprietary Netevia Platform Highlighted in Research Note by JGR Capital

$DJACF Provides Update on Alberta Retail Storefronts

TORONTO, June 22, 2018 – Hiku Brands Company Ltd. (CSE: HIKU) (“Hiku” or the “Company”) is pleased to provide an update on the approach to private sector retailing of cannabis in Alberta. Hiku, and our award-winning retail storefront brand Tokyo Smoke, have filed applications for a series of locations in Alberta which, if approved, will provide customers with a variety of experiences in different retail environments including flagship stores, express stores, shopping centres, and shop-in-shop.

Hiku has filed applications for more than a dozen storefronts in Calgary and are at the top of the list to be considered in each of those locations following Calgary’s first come, first serve approach to licensing. In addition to Calgary, Hiku has also filed applications in Edmonton for its random lottery process.

“The province of Alberta represents a fantastic opportunity for Hiku Brands to roll out our engaging retail store fronts, in a variety of locations including best in class retail hubs, shopping districts, and innovative shop-in-shop concepts which will serve different customers and different demographics in places and communities where they already live, shop, and find entertainment” said Alan Gertner, Chief Executive Officer of Hiku Brands. “With our retail leadership and the transformational merger announced recently with WeedMD Inc. (TSX-V: WMD), we are positioning the Company and its shareholders for long-term success.”

The applications in Alberta follow on the success that Tokyo Smoke has achieved in Manitoba, where it was awarded one of only four conditional master retail licenses. The master license will allow Hiku Brands to open 9-16 stores in the province and operate an e-commerce portal. Hiku has also entered into a letter of intent with Oceanic Releaf Inc. (“Oceanic”), a late stage applicant under the ACMPR in Newfoundland & Labrador, pursuant to which Oceanic and Hiku are working with the government on the approval for Oceanic of up to 5 additional stores in that province.

Hiku is a proudly Canadian cannabis company. With its portfolio of iconic cannabis brands, including its private sector retail store front brand Tokyo Smoke, featuring existing coffee store locations across the country, Hiku is looking forward to the significant work ahead to educate and enlighten Alberta cannabis consumers and non-consumers alike as the federal government moves forward with legalization of adult use cannabis. Our retail brand Tokyo Smoke was the winner of Brand of the Year at the Canadian Cannabis Awards in 2017.

Hiku is also pleased to announce that further to its news release of May 16, 2018, an aggregate of $14,880,000 of principal amount of convertible debentures of Hiku (the “Debentures”) were converted in connection with the Early Conversion Opportunity (as defined below) offered to holders, representing approximately $3.1 million in interest savings for the Company.

On May 16, 2018, the Company provided the opportunity for holders to convert their Debentures between May 17, 2018 and June 7, 2018 and become eligible to receive 250 common share purchase warrants (the “Early Conversion Warrants”) per $1,000 of principal amount of Debentures so converted, in addition to the common shares of Hiku to be received in connection with such conversion (the “Early Conversion Opportunity”). Each Early Conversion Warrant is exercisable into one common share of Hiku at a price of $1.50 until May 16, 2021. The Company has issued an aggregate of 3,720,000 Early Conversion Warrants to former holders of Debentures in connection with the Early Conversion Opportunity.

About Hiku
Hiku is focused on building a portfolio of engaging cannabis brands, unsurpassed retail experiences and handcrafted cannabis production. With a national retail footprint led by Tokyo Smoke, craft cannabis production through DOJA’s ACMPR licensed grow, and Van der Pop’s female-focused educational platforms, Hiku houses an industry-leading portfolio that aims to set the bar for cannabis brands in Canada.

Hiku’s wholly-owned subsidiary, DOJA Cannabis Ltd., is federally licensed to cultivate and sell cannabis pursuant to the ACMPR, owning two production facilities in the heart of British Columbia’s Okanagan Valley. Hiku’s subsidiary, Tokyo Smoke, has been conditionally awarded one of four master retail licenses in Manitoba. Hiku also operates a network of retail stores selling coffee, clothing and curated accessories, across British Columbia, Alberta and Ontario.

Forward-Looking Statements
This news release contains statements that constitute “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Hiku’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.

Forward-looking statements in this press release include, among others, Hiku being one of the world’s largest private sector cannabis retailers, the approval of Hiku’s Alberta storefront applications, the timing of such applications being considered, the timing of opening further retail locations in Alberta and Manitoba, the proposed e-commerce platform in Manitoba, the completion of the proposed transaction with Oceanic, the completion of the proposed transaction with WeedMD Inc., government approval for store openings in Newfoundland & Labrador, applicable stock exchange approval of the transaction with Oceanic, applicable stock exchange approval of the transaction with WeedMD Inc. and the federal government’s legalization of adult-use cannabis. By their nature, forward-looking statements are based on the opinions and estimates of management at the date the information is made, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Hiku is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

It is also noted that the transactions with each of Oceanic and WeedMD Inc. remain subject to applicable stock exchange approval.

The Canadian Securities Exchange has not approved nor disapproved the contents of this news release.

Friday, June 22nd, 2018 Uncategorized Comments Off on $DJACF Provides Update on Alberta Retail Storefronts