Archive for July, 2018

$ABCCF Enters Definitive Agreement to Acquire Canna Farms Ltd.

  • 57,000 kilograms of funded annual domestic production capacity
  • $110 million in cash to fund the execution of an aggressive growth strategy
  • Five percent share of Canadian medical cannabis market

NAPANEE, Ontario and HOPE, British Columbia, July 31, 2018  — ABcann Global Corporation (TSX-V: ABCN) (OTCQB: ABCCF) (“ABcann” or the “Company”) is pleased to announce that it has entered into a definitive agreement to acquire 100% of the issued and outstanding share capital of Canna Farms Limited (“Canna Farms”), a premium cannabis company in British Columbia (the “Transaction”). Canna Farms was the first Licensed Producer in B.C. and has many years of craft cultivation experience and expertise, as well as a significant patient base and positive cash flow. A conference call to discuss the Transaction will take place on Tuesday July 31, 2018 at 9:00 a.m. ET (details below).

“This is a transformational acquisition, and key benefits include increased production capacity, an expanded product offering, operational efficiencies, and a more robust platform to accelerate our growth,” commented Barry Fishman, CEO of ABcann. “We will maximize operational and financial synergies, so that the combined company will be greater than the sum of its parts.”

Transaction Highlights – Combining our Strengths

  • Increased Capacity and Scale: Annual fully funded production capacity of 57,000 kilograms1, with multiple provincial supply agreements already secured.
  • Diverse Production Capability: State-of-the-art indoor facilities in Ontario and British Columbia, extraction capability and expected GMP certification in Ontario by the end of 2018.
  • Expanded Product Line: With over 15,000 medical cannabis patients, the combined company plans to leverage strong anticipated adult-use demand for premium products, including Canna Farms’ award-winning B.C. Bud and ABcann’s new Beacon, FIRESIDE and Lumina product lines.
  • Strengthened Leadership Team: A seasoned and diverse leadership team with experience in all aspects of the business, including cultivation, product development, branding, capital markets, and demand creation.
  • International Leverage: Canna Farms’ Dealers License, combined with ABcann’s international partnerships and expertise, are expected to expedite the combined company’s expansion strategy in international markets, with a focus on Germany and Australia.
  • New Product Development: A strengthened foundation will facilitate a continuous stream of novel product offerings for both domestic and international markets.
  • Enhanced Financial and Capital Markets Profile: The enhanced market capitalization and strong cash position of $110 million, combined with Canna Farms’ positive operating cash flow and trailing adjusted EBITDA2 margins of 46% are expected to result in a more robust capital markets profile.
  • Immediately Accretive: The Transaction will be immediately accretive to ABcann. For the twelve months ending June 30, 2018, Canna Farms generated unaudited revenue and adjusted EBITDA2 of $9.4 million and $4.3 million, respectively. For the fiscal year ending September 30, 2017, Canna Farms generated audited revenue of $5.8 million and adjusted EBITDA2 of $2.8 million.
  • Cost and Operational Synergies: Having realized a positive return on invested capital since inception, Canna Farms brings an industry-leading cost structure with strong adjusted EBITDA margins. The combined company is expected to benefit from anticipated yield improvements and cost and operational synergies.

Transaction Summary

The value of the Transaction is approximately $133 million, comprised of $22 million in cash and 92.5 million ABcann shares, based on ABcann’s 20-day VWAP of $1.20 as of July 27, 2018. The share consideration will be released from escrow in six month increments over 30 months.

Upon completion of the Transaction, the two co-founders of Canna Farms, Daniel Laflamme and Raymond Laflamme, will each own 16.1% of ABcann’s outstanding shares. They will remain with the combined company as President, Canna Farms and Senior Vice President, Facilities and Engineering, respectively. Daniel Laflamme will be appointed to the ABcann Board of Directors, increasing the total number of ABcann directors to seven.

The Transaction is expected to close in August 2018 and allows the two complementary businesses to leverage each other’s strengths prior to the opening of the adult-use market in the fall. The completion of the Transaction is subject to the satisfaction of customary closing conditions, including the conditional approval of the TSXV and applicable regulatory approvals.

“The ABcann team welcomes Raymond, Daniel and the rest of the Canna Farms family. We are excited about the tremendous potential that combining the strengths our two organizations will provide to our shareholders, employees and customers,” Fishman says.

“I am thrilled to bring Canna Farms together with ABcann, a respected organization that has great leadership and quality products, and is well-capitalized for future growth,” commented Daniel Laflamme, President of Canna Farms. “ABcann and Canna Farms share the same mission to provide trusted cannabis products to our valued patients and customers and are aligned on the corporate values of integrity and strong entrepreneurial spirit.”

Current capacity: Napanee, ON 1,500 KG; Hope, BC 2,700 KG; End of 2018: Napanee, ON 5,500 KG; Hope, BC 6,900 KG; Estimated mid-2020: Napanee, ON 32,500 KG, Hope, BC 24,500 KG
Adjusted EBITDA is earnings before interest, taxes, depreciation and amortization excluding any changes in fair value of biological assets

Financial and Legal Advisors

Canaccord Genuity Corp. is acting as financial advisor and Bennett Jones LLP is acting as legal advisor to ABcann. Stoic Advisory Inc. is acting as financial advisor and Aydin Bird Business Lawyers and Borden Ladner Gervais LLP are acting as legal advisors to Canna Farms.

July 31, 2018 Conference Call Information:

ABcann will host a conference call, including a slide presentation that will be posted on the Company’s website (www.abcannglobal.com), to discuss the Transaction on Tuesday, July 31, 2018 at 9:00 a.m. ET. Participants may join the conference call by dialing 1-855-353-9183 from Canada or the USA using the participant passcode 45136#.

About ABcann

ABcann is recognized for high-quality, trusted products and services. It holds production and sales licences from Health Canada, and its world-class indoor cultivation facility in Napanee, Ontario contains proprietary plant-growing technology, centred on its specially designed, environmentally-controlled growing chambers. This approach results in the production of pharmaceutical-grade cannabis products. ABcann is expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, such as Germany, Australia and Israel.

About Canna Farms

Canna Farms, located in Hope, B.C. was the first LP in British Columbia and the fifth in Canada to receive an ACMPR license. Canna Farms prides itself on running a lean, efficient operation with a dedicated and talented team and offering a large selection of award-winning strains and hand-trimmed cannabis flower, as well as a line of cannabis oils.  Canna Farms currently has the largest active medical patient base for a privately-held company in the industry.

For More Information:

Barry Fishman, CEO: barry.fishman@abcannglobal.com
Michael Bumby, CFO: michael.bumby@abcannglobal.com

 

ON BEHALF OF THE BOARD OF DIRECTORS
Barry Fishman
CEO and Director

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

Disclaimer for Forward-Looking Information

Certain statements in this news release may be considered forward-looking statements, which are statements that are not purely historical, including statements regarding the beliefs, plans, expectations or intentions of ABcann and its management regarding the future. Forward looking statements in this news release include statements relating to the expected timing of closing of the Transaction, future expected production capacity, expected pro forma capitalization, and the expected benefits of the Transaction. Such statements are based on management’s current assumptions regarding the combined company, derived from due diligence conducted in connection with the Transaction, and are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements, including the possibility that the Transaction will not be completed on the expected terms or at all, that the combined company’s production capacity, financial position or market performance may not be as expected, or that ABcann may not derive the expected benefits from the Transaction described in this news release. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are urged to consider these factors, and the more extensive risk factors included in the Company’s annual information form dated April 30, 2018, which is available on SEDAR, carefully in evaluating the forward-looking statements contained in this news release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. The forward-looking statements in this news release are made as of the date hereof and the Company disclaims any intent or obligation to update publicly any such forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

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$SNNVF Signs Cannabis Extraction Deal with $NUGS

  • Sunniva’s CP Logistics to produce ultra-purified extracts under Cannabis Strategic Ventures’ Pure Organix™ brand
  • Investment banking firm Canaccord Genuity initiates coverage of Sunniva
  • Canaccord Genuity gives Sunniva positive share price valuation above current market performance and a “speculative buy” rating

Vertically integrated cannabis company Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) has announced an agreement to produce top-quality cannabis extracts for Cannabis Strategic Ventures, Inc. (OTC: NUGS) (http://cnw.fm/B3aVh). Under the white label services agreement, Sunniva’s CP Logistics (“CPL”) subsidiary will produce ultra-purified cannabis extracts for the Pure Organix™ brand, owned by Cannabis Strategic’s subsidiary, Pure Applied Sciences, Inc.

From its Sun-Oil Facility in Cathedral City, California, CPL will extract cannabis oils for vape pen cartridges. Both companies expect that additional products will follow. The agreement, signed for an initial 12 months, will be open for extension.

Commenting in a news release on why his company chose Sunniva for this deal, Cannabis Strategic CEO Simon Yu said, “We have selected Sunniva because of its emphasis on creating great products for great brands… We created the Pure Sciences brand based on premium quality and sound manufacturing practices. Sunniva shares our values relative to the area and we are pleased to have them as our manufacturer. We are especially impressed with their plans to build greenhouse and extraction facilities compliant with Current Good Manufacturing Practice (cGMP) standards.”

Sunniva CEO Tony Holler added, “As one of the highest quality producers in the marketplace, we believe we are in an excellent position to provide brand product manufacturing services for Cannabis Strategic. Both of our firms share the vision of becoming leaders in providing clean, medical grade cannabis products to consumers.”

This news comes on the heels of a recent announcement that investment banking, wealth management and brokerage firm Canaccord Genuity has initiated coverage on Sunniva. In its first report, the company, a leading Canadian investment firm, gave Sunniva a “speculative buy” rating (http://cnw.fm/HtE06).

In a comprehensive 51-page report created to inform clients about investment prospects, Canaccord Genuity recommends a target price for Sunniva of C$13.00 (US$9.84), well above current trading levels. The report, titled “Bringing quality and scale to the world’s two largest cannabis markets,” goes into detail about Sunniva’s operations in Canada and California, drawing out points that will be of key importance to potential investors.

Canaccord Genuity predicts high growth for the cannabis industry in California and Canada, Sunniva’s areas of operation. It highlights Sunniva’s strategy of vertical integration as being key to its potential success in the cannabis market, noting, “As one of only a limited number of U.S. cannabis operators with access to public market capital, we believe the company is well positioned to transition to a fully vertically integrated operator by acquiring other areas of the value chain.”

The report mentions Sunniva’s current construction of a large-scale state-of-the-art facility in Canada, as well as the fact that it has entered a two-year deal with Canopy Growth Corp. (TSX: WEED) to supply 90,000 kg of cannabis. The agreement secures Sunniva a buyer for a large portion of stock from its Canada campus as soon as it begins production.

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

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$PFSF Develops Innovative Trade Portal Utilizing Secure Blockchain Databases

  • Company in talks with government officials and agriculture industry leaders in Brazil’s Rondonia State
  • Pacific Software’s blockchain technologies designed to increase supply chain transparency, thus impacting consumer confidence
  • Brazil likely to soon become world’s top exporter of agricultural products

Pacific Software, Inc. (OTC: PFSF), a company engaged in the development, acquisition and licensing of Hyperledger blockchain-based systems, has announced that it has set plans into motion to tap into the huge Brazilian agriculture market. In a recent news release, the company said that it is in talks with the government of the state of Rondonia (http://ccw.fm/GSq1g) and the state’s biggest exporters of meat and agricultural products to explore ways that the industry can use Pacific Software’s Agri-Blockchain technology (http://ccw.fm/Ue5Z7).

The move comes in the context of Brazil increasing its market share of global agricultural exports. A current report by the Organisation for Economic Co-operation and Development (OECD) and the United Nations Food and Agricultural Organization (FAO), ranks Brazil as the world’s second largest supplier of food and agricultural products. The report, ‘OECD-FAO Agricultural Outlook 2015-2024’, further predicts that Brazil could become the world’s top agricultural exporter in the near future (http://ccw.fm/9mPJv).

At the same time, trend-watchers in the global agricultural industry foresee a huge potential role for blockchain technology (http://ccw.fm/Xz8is). In a world where consumers are increasingly concerned about the origins of their products, blockchain technology will make supply chains more transparent and easier to trace. Large-scale producers will be able to keep better records of their operations, and niche producers, such as organic farmers, will be able to more easily prove and certify every step their products take from field to store shelf.

Pacific Software is developing a cutting-edge trade portal that harnesses the power of blockchain’s ultra-secure databases, and it is now positioning itself to become a key player in the supply of blockchain technology solutions to Brazil’s agricultural industry. This tool will make it possible to track the entire supply chain with blockchain’s solid credibility.

In a news release, Peter Pizzino, president of Pacific Software, said, “We are excited to enter strategic alliances with some of Brazil’s largest agriculture and meat exporters to implement our disruptive blockchain technology-based B2B platform for the supply chain and logistics sectors.”

Pacific Software’s trade platform will be available in Portuguese, English, Cantonese and Mandarin – appropriate options, given that China and the United States are among Brazil’s biggest export markets. The company is developing the B2B and B2C portal in partnership with KBQuest Group Inc., a global IT service provider, and could utilize IBM’s (NYSE: IBM) Blockchain Hyperledger platform (http://ccw.fm/zCA3t).

In addition to providing transparency, accountability and trust in the provenance of agricultural products, the Pacific Software platform could also be used in many other key aspects of agricultural recordkeeping. Billing and invoicing can be automated and other records and processes migrated into digital formats. Improving recordkeeping and automating and streamlining processes will lead to improved efficiency which will, in turn, increase profitability.

Pizzino added, “The recent trip to Brazil has strengthened our relationships for building regional market share in order to become a major blockchain technology service provider in the region.”

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

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$NETE Subsidiary Acquires $2.7M Cash Flow Assets

Acquisition is projected to add over $5 million in gross profits over the next 4 years

MIAMI, FL, July 31, 2018 — Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale (“POS”), e-commerce and mobile devices, announced today it has acquired certain transactional services portfolio (cash flow assets) from Universal Payment Systems (“UPS”).

Net Element through its subsidiary Unified Payments has acquired cash flow assets for a total of $2.7 million, which are expected to generate well over $5 million in gross profits over the next four years and expected to continue generating profits thereafter.  The Company and UPS have enjoyed a successful and mutually beneficial partnership over the last five years.  The newly acquired cash flow assets are expected to enhance the Company’s profit margins.

“The transactional services portfolio acquisition deepens our relationship with UPS, which has been very positive for both organizations. By providing UPS with the capital to grow we are building real value for the future of both our companies,” commented Vlad Sadovskiy, president of integrated payments for Net Element.

“Net Element has always stayed true to their word.  They have been supportive and committed to our success over the years and this has helped us grow our business significantly.  We are excited to expand our partnership with Net Element,” commented Anthony Kutscher Jr., president of Universal Payment Solutions.  “This transaction will fuel our continued growth for years to come.”

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., the Company aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions and Aptito, our cloud-based, restaurant and retail point-of-sale solution. 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 we were recognized by South Florida Business Journal as one of 2016’s fastest-growing technology companies. Further information is available at www.NetElement.com.

Forward-Looking Statements
Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Net Element and are difficult to predict. Examples of such risks and uncertainties include but are not limited to whether the transactional services residuals acquisition will be beneficial to the Company, whether the Company will achieve the projected $5 million gross profits over the next four years and additional profits thereafter, whether the acquisition will enhance the Company’s profit margins, and whether Universal Payment Systems will be successful in achieving its projected increased business production over the same time period.. Additional examples of such risks and uncertainties include, but are not limited to (i) Net Element’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Net Element’s ability to maintain existing, and secure additional, contracts with users of its payment processing services; (iii) Net Element’s ability to successfully expand in existing markets and enter new markets; (iv) Net Element’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Net Element’s business; (viii) changes in government licensing and regulation that may adversely affect Net Element’s business; (ix) the risk that changes in consumer behavior could adversely affect Net Element’s business; (x) Net Element’s ability to protect its intellectual property; (xi) local, industry and general business and economic conditions; and (xii) adverse effects of potentially deteriorating U.S.-Russia relations, including, without limitation, over a conflict related to Ukraine, including a risk of further U.S. government sanctions or other legal restrictions on U.S. businesses doing business in Russia. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Net Element with the Securities and Exchange Commission. Net Element anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Net Element assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.

Contact:
Net Element, Inc.
Media@NetElement.com
+1 (786) 923-0502

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$HMMR Renews LOI to Acquire 1stPoint Communications

POINT PLEASANT BEACH, N.J. and PISCATAWAY, N.J., July 31, 2018  — Hammer Fiber Optics Holdings Corp. (OTCQB: HMMR) d/b/a Hammer Communications announced today that it has renewed its Letter of Intent to acquire 1stPoint Communications, Endstream Communications and Open Data Centers. “The industrial logic of the acquisition remains unchanged,” said Erik Levitt, CEO of 1stPoint Communications. “The resulting entity will be perfectly positioned to be a market leader in wireless  network deployment.” Today Hammer provides DOCSIS over wireless triple play services to subscribers in its first deployment in Atlantic County. In adding these assets Hammer will be able to deploy the technology in other markets around the US as well as several International targets. 1stPoint’s assets include multiple CLEC licenses and a mobile network operator as well as intellectual property for carrier switching of both voice, SMS and advanced collaboration tools.

“The combined entities will be able to execute on Hammer’s ‘Everything Wireless’ approach to the market,” said Kristen Vasicek, 1stPoint’s Director of Marketing. “We will be able to deliver very high speed triple plays, smart city, IoT, OTT and texting applications, M2M and 5G mobile networks. That breadth will make us unique in the industry,” added Vasicek.

Earlier this quarter Hammer and 1stPoint announced its Mobile Network Services Provider platform, intended for use by cable operators for network extension, wireless ISPs for network enhancement and expansion and DSL replacement. “Several projects are now in the planning stages,” said Hammer’s founder, Mark Stogdill. “These acquisitions will be transformative, and will take Hammer to the next level.”

The details of the transactions and closing dates have not been publicly disclosed.

About Hammer Fiber
Hammer Fiber Optic Holdings Corp. (OTCQB: HMMR) is a telecommunications company investing in the future of wireless technology whose holdings include Hammer Fiber Optic Investments, Ltd. D/B/A Hammer Fiber, a New Jersey-based Internet Service Provider (ISP) that offers internet, voice, video and data services in New Jersey, as well as carrier services in Philadelphia and New York. Hammer Fiber serves residential and small business markets with high capacity broadband, voice and video through both direct fiber as well as its wireless fiber platform, Hammer Wireless® AIR technology. For more information visit http://www.hammerfiber.com or contact Frank Pena at fpena@hammerfiber.com.

About 1stPoint Communications

1stPoint Communications provides integrated messaging, voice, data and mobile services for small businesses, enterprises and carriers. 1stPoint is committed to delivering all of the services businesses need to interact with their customers, employees and suppliers, providing its clients with A New Way to Work. For more information visit www.1pcom.net.

About Endstream

Endstream is a wholesale voice operator, providing voice termination, toll origination and toll free origination services to other carrier clients. For more information visit www.endstream.com.

About Open Data Center

Open Data Center is a carrier neutral colocation facility in Piscataway, NJ. It provides services to 1stPoint Communications, Core Technology Services, Endstream Communications and is a utility data center for over 20 other clients. It is a 2N+1 design with an array of nine fiber providers and 26 resident carriers make it an ideal platform for HMMRs activities. For more information visit www.opendatacenter.net.

Forward Looking Statements
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.

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$SNNVF Signs Cannabis Extraction Deal with $NUGS

  • Sunniva’s CP Logistics to produce ultra-purified extracts under Cannabis Strategic Ventures’ Pure Organix™ brand
  • Investment banking firm Canaccord Genuity initiates coverage of Sunniva
  • Canaccord Genuity gives Sunniva positive share price valuation above current market performance and a “speculative buy” rating

Vertically integrated cannabis company Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) has announced an agreement to produce top-quality cannabis extracts for Cannabis Strategic Ventures, Inc. (OTC: NUGS) (http://nnw.fm/59hlR). Under the white label services agreement, Sunniva’s CP Logistics (“CPL”) subsidiary will produce ultra-purified cannabis extracts for the Pure Organix™ brand, owned by Cannabis Strategic’s subsidiary, Pure Applied Sciences, Inc.

From its Sun-Oil Facility in Cathedral City, California, CPL will extract cannabis oils for vape pen cartridges. Both companies expect that additional products will follow. The agreement, signed for an initial 12 months, will be open for extension.

Commenting in a news release on why his company chose Sunniva for this deal, Cannabis Strategic CEO Simon Yu said, “We have selected Sunniva because of its emphasis on creating great products for great brands… We created the Pure Sciences brand based on premium quality and sound manufacturing practices. Sunniva shares our values relative to the area and we are pleased to have them as our manufacturer. We are especially impressed with their plans to build greenhouse and extraction facilities compliant with Current Good Manufacturing Practice (cGMP) standards.”

Sunniva CEO Tony Holler added, “As one of the highest quality producers in the marketplace, we believe we are in an excellent position to provide brand product manufacturing services for Cannabis Strategic. Both of our firms share the vision of becoming leaders in providing clean, medical grade cannabis products to consumers.”

This news comes on the heels of a recent announcement that investment banking, wealth management and brokerage firm Canaccord Genuity has initiated coverage on Sunniva. In its first report, the company, a leading Canadian investment firm, gave Sunniva a “speculative buy” rating (http://nnw.fm/T5cEc).

In a comprehensive 51-page report created to inform clients about investment prospects, Canaccord Genuity recommends a target price for Sunniva of C$13.00 (US$9.84), well above current trading levels. The report, titled “Bringing quality and scale to the world’s two largest cannabis markets,” goes into detail about Sunniva’s operations in Canada and California, drawing out points that will be of key importance to potential investors.

Canaccord Genuity predicts high growth for the cannabis industry in California and Canada, Sunniva’s areas of operation. It highlights Sunniva’s strategy of vertical integration as being key to its potential success in the cannabis market, noting, “As one of only a limited number of U.S. cannabis operators with access to public market capital, we believe the company is well positioned to transition to a fully vertically integrated operator by acquiring other areas of the value chain.”

The report mentions Sunniva’s current construction of a large-scale state-of-the-art facility in Canada, as well as the fact that it has entered a two-year deal with Canopy Growth Corp. (TSX: WEED) to supply 90,000 kg of cannabis. The agreement secures Sunniva a buyer for a large portion of stock from its Canada campus as soon as it begins production.

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

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Monday, July 30th, 2018 Uncategorized Comments Off on $SNNVF Signs Cannabis Extraction Deal with $NUGS

$PFSF Develops Innovative Trade Portal Utilizing Secure Blockchain Databases

  • Company in talks with government officials and agriculture industry leaders in Brazil’s Rondonia State
  • Pacific Software’s blockchain technologies designed to increase supply chain transparency, thus impacting consumer confidence
  • Brazil likely to soon become world’s top exporter of agricultural products

Pacific Software, Inc. (OTC: PFSF), a company engaged in the development, acquisition and licensing of Hyperledger blockchain-based systems, has announced that it has set plans into motion to tap into the huge Brazilian agriculture market. In a recent news release, the company said that it is in talks with the government of the state of Rondonia (http://nnw.fm/d0Tz4) and the state’s biggest exporters of meat and agricultural products to explore ways that the industry can use Pacific Software’s Agri-Blockchain technology (http://nnw.fm/AHmk1).

The move comes in the context of Brazil increasing its market share of global agricultural exports. A current report by the Organisation for Economic Co-operation and Development (OECD) and the United Nations Food and Agricultural Organization (FAO), ranks Brazil as the world’s second largest supplier of food and agricultural products. The report, ‘OECD-FAO Agricultural Outlook 2015-2024’, further predicts that Brazil could become the world’s top agricultural exporter in the near future (http://nnw.fm/lM9Oc).

At the same time, trend-watchers in the global agricultural industry foresee a huge potential role for blockchain technology (http://nnw.fm/GD5Vk). In a world where consumers are increasingly concerned about the origins of their products, blockchain technology will make supply chains more transparent and easier to trace. Large-scale producers will be able to keep better records of their operations, and niche producers, such as organic farmers, will be able to more easily prove and certify every step their products take from field to store shelf.

Pacific Software is developing a cutting-edge trade portal that harnesses the power of blockchain’s ultra-secure databases, and it is now positioning itself to become a key player in the supply of blockchain technology solutions to Brazil’s agricultural industry. This tool will make it possible to track the entire supply chain with blockchain’s solid credibility.

In a news release, Peter Pizzino, president of Pacific Software, said, “We are excited to enter strategic alliances with some of Brazil’s largest agriculture and meat exporters to implement our disruptive blockchain technology-based B2B platform for the supply chain and logistics sectors.”

Pacific Software’s trade platform will be available in Portuguese, English, Cantonese and Mandarin – appropriate options, given that China and the United States are among Brazil’s biggest export markets. The company is developing the B2B and B2C portal in partnership with KBQuest Group Inc., a global IT service provider, and could utilize IBM’s (NYSE: IBM) Blockchain Hyperledger platform (http://nnw.fm/qaSN6).

In addition to providing transparency, accountability and trust in the provenance of agricultural products, the Pacific Software platform could also be used in many other key aspects of agricultural recordkeeping. Billing and invoicing can be automated and other records and processes migrated into digital formats. Improving recordkeeping and automating and streamlining processes will lead to improved efficiency which will, in turn, increase profitability.

Pizzino added, “The recent trip to Brazil has strengthened our relationships for building regional market share in order to become a major blockchain technology service provider in the region.”

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

Monday, July 30th, 2018 Uncategorized Comments Off on $PFSF Develops Innovative Trade Portal Utilizing Secure Blockchain Databases

$ABCCF Announces its First Recreational Cannabis Brand

NAPANEE, Ontario, July 27, 2018  — Building on its industry-leading technology and proven results, ABcann Global Corporation (TSX-V:ABCN) (“ABcann” or the “Company”) is proud to the announce the introduction of FIRESIDE, its first recreational cannabis brand.

“Legalization will bring a wide variety of different consumers to cannabis, and many will want a high-quality product without having to be an expert at choosing between strains. That’s why we created FIRESIDE – it’s a premium brand for those who want great products that are easy to understand. To ensure a superior quality experience, FIRESIDE cannabis will be grown in small batches in craft-like conditions,” says Sung Kang, Chief Marketing Officer. “As well, our special long-curing process means a smoother final product.”

FIRESIDE has been tailored specifically for social cannabis users, based on extensive research and consumer insights. When the adult-use recreational cannabis market opens to Canadians on October 17, 2018, FIRESIDE products will be available in both dried whole-bud and pre-rolled formats.

FIRESIDE epitomizes the social experience of sharing good times with friends around a fire, whether at the cabin or in an urban setting. Crafted for social occasions, FIRESIDE will appeal to the premium segment of the adult-use recreational cannabis market.

Fireside will be available in three varieties, all grown in ABcann’s state-of-the-art, ISO 9001 certified facilities using refined production techniques.

  • FIRESIDE Black:  a high THC product
  • FIRESIDE Red:  a medium THC product
  • FIRESIDE Gold:  a balanced THC/CBD product

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/76974c15-1f3e-4942-8c1e-6bceb52324bf

“Our new brands embody our focus on crafting high-quality, consistent products,” says Barry Fishman, ABcann’s Chief Executive Officer. “As a licensed producer of cannabis since 2014, we have the experience, knowledge and focus on innovation required to deliver superior products.”

ABcann Global is committed to providing cannabis products and services that improve lives. Every variable in ABcann’s growing, harvesting and curing process is precisely controlled and monitored. This indoor, high-tech growing environment translates into a superior product that is clean, consistent and repeatable; critical factors when delivering quality products.

With the emergence of the Canadian adult-use market, continued focus on the medical cannabis segment and a growing global opportunity — coupled with a healthy balance sheet — ABcann is well-positioned for success.

FIRESIDE is now live at FireSideCannabis.com and @firesidelife on Instagram.

About ABcann

ABcann is recognized for high-quality, trusted products and services. It holds production and sales licences from Health Canada, and its world-class indoor cultivation facility in Napanee, Ontario contains proprietary plant-growing technology, centred on its specially designed, environmentally-controlled growing chambers. This approach results in the production of pharmaceutical-grade cannabis products. ABcann is expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, such as Germany, Australia and Israel.

For more information:
Barry Fishman, CEO: barry.fishman@abcannglobal.com
Michael Bumby, CFO: michael.bumby@abcannglobal.com

ON BEHALF OF THE BOARD OF DIRECTORS

Barry Fishman (CEO and Director)

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

Disclaimer for Forward-Looking Information

This press release contains forward-looking statement, including statements regarding: the timing of the Company’s planned new wellness brand; the timing of opening of Canada’s adult-use market; the expected benefits to the Company from the launch of the FIRESIDE market; and the expected response of ABcann’s customers to its new product lines. The forward-looking statements in this release are based on certain assumptions and involves known and unknown risks and uncertainties and other factors that could cause actual events to differ materially from current assumptions and expectations, including that the adult-use market will open in the time frame expected and that customers will respond positively to ABcann’s new product lines. These forward-looking statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements, including regulatory impediments to the timing of the adult use market and that customer reception may not be as expected. A more complete discussion of the risks and uncertainties facing the Company appears in the Company’s Annual Information Form and continuous disclosure filings, which are available on SEDAR’s website at www.sedar.com. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation to update or revise any forward-looking statements as a result of new information or future events, or for any other reason, other than as required by applicable securities laws.

Monday, July 30th, 2018 Uncategorized Comments Off on $ABCCF Announces its First Recreational Cannabis Brand

$PFSF Coverage Initiated via NetworkNewsWire

NEW YORK, July 27, 2018 — via NetworkWire – Pacific Software Inc. (OTC:PFSF), a developer, distributor and master licensor of Hyperledger blockchain-based technology solutions, announces it has engaged the corporate communications expertise of NetworkNewsWire (“NNW”).

Pacific Software is applying its blockchain-based technology systems to industries that require high throughput transaction processing, traceability or tracking, visibility or monitoring, and transparency throughout the supply and value chains for all stakeholders.

Chief targets for Pacific Software include agriculture and its farm-to-consumer export system; cannabis and its seed-to sale supply chain; and opioids and the pharmaceutical production-to-consumer link. Each industry benefits from the valuable transparency and encrypted technology offered through Hyperledger blockchain-based system solutions.

NetworkNewsWire is a multifaceted financial news and publishing company that delivers a new generation of social communication solutions, news aggregation and syndication, and enhanced news release services. NNW’s strategies help public and private organizations find their voice and build market visibility. As part of the Client-Partner relationship with Pacific Software, NNW will leverage its investor-based distribution network of over 5,000 key syndication outlets, various newsletters, social media channels, blogs, and other outreach tools to generate greater brand awareness for the Company.

“The blockchain arena is a dynamic playing field, and Pacific Software is developing its systems for a variety of opportunities in industries that can benefit from the technology,” states Sherri Franklin, Director of Client Solutions for NNW. “We look forward to assisting the company with a corporate communications campaign that keeps shareholders and the investment community aware of the company’s operations and technology.”

About Pacific Software Inc.

Pacific Software Inc., with headquarters in Dana Point, California, is a results-driven company with a focus on Hyperledger blockchain-based technology that is designed for industries that require high throughput transaction processing, traceability or tracking, visibility or monitoring and transparency throughout the supply and value chains for all stakeholders. For more information, visit the company’s website at https://www.PacificSoftwareInc.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

Friday, July 27th, 2018 Uncategorized Comments Off on $PFSF Coverage Initiated via NetworkNewsWire

$NUGL Launches Brand Locator and Profile Claiming Features to Bolster App

LOS ANGELES, July 26, 2018 — via NetworkWire – NUGL Inc. (OTC:NUGL) (the “Company”), the cannabis industry’s new standard of technology, today announces the eagerly anticipated launch of its brand locator and profile claiming features for the cannabis community and its rapidly growing fan base.

NUGL’s platform is designed to serve cannabis-related businesses, products, services and users in a fresh and fair approach by building a community that truly meets the needs of the 420 industry. With the launch of two new features – profile claiming and brand locator – NUGL puts the power of self-promotion back into the hands of cannabis companies who can now build their own dedicated profile featuring their brands and services, while consumers are rewarded with the pleasure of discovering where they can purchase exactly what they want to buy.

“Brands are and will be the focus for us,” NUGL CMO Ryan Bartlett said. “Now users can search for brand specific items and see which stores offer these items, where they are located and read or offer their own unbiased reviews.”

Profile claiming provides the distinct benefit of linking cannabis-related brands to a specific profile, giving owners a dedicated platform to market to an identified consumer base of users. The brand locator gives cannabis companies the ability to promote their brands and connect with dispensaries and retail stores, upping the marketing potential for products, services and making it infinitely easier for consumers to actually find their favorite brands.

NUGL has also expanded its development team with the addition of two additional software developers. “Supporting the Company’s extraordinary growth and accelerated timeline for adding features to the NUGL app will keep the team busy,” said Jeff Odle, NUGL’s Chief Technical Officer.

“We have two more major features we are working to launch in the next few months and the added support will help expedite these valuable additions to our platform,” Odle said. “One of the features is an enhanced menu that will blow our user base away.”

NUGL’s user and profile base of listings and brands is growing fast with dispensaries, strains, doctors, lawyers, service professionals, vape shops, hydro stores and brands being added daily. NUGL has recently expanded outside of California and will continue to methodically market in each state.

About NUGL

NUGL is the world’s first cannabis search app built for the people, by the people. Our goal is to build the most user-friendly app experience in the cannabis industry by listening to our users and giving them what they want. NUGL is the only cannabis search app that offers equal and unbiased search results. We don’t sell top-spot listings or fake reviews, so our 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
LinkedIn: https://www.linkedin.com/company/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

Friday, July 27th, 2018 Uncategorized Comments Off on $NUGL Launches Brand Locator and Profile Claiming Features to Bolster App

$FRSX Increases Ownership in Rail Vision, Lands Sale of QuadSight™ Prototype

  • Foresight becomes largest shareholder in Rail Vision Ltd.
  • Chinese company purchases prototype of Foresight’s breakthrough quad-camera vision system
  • Foresight strengthens position as leader in providing vision solutions

A leading innovator in automotive vision systems and driver assistance technology, Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) has become the largest shareholder of Rail Vision Ltd. To reach this status, Foresight exercised $2.24 million of warrants, raising its ownership stake to approximately 35 percent of issued and outstanding shares and 34 percent on a fully diluted basis.

Focused on revolutionizing the rail industry with obstacle detection solutions, advanced imaging and deep-learning technologies, Rail Vision, in December 2017, successfully completed a trial of its unique vision-based system. The trial, conducted in partnership with a leading European railway company, demonstrated the system’s real-time capabilities to detect and identify obstacles at distances of several hundred meters under harsh conditions with minimal light.

“Foresight is pleased to increase its investment in Rail Vision,” Haim Siboni, CEO of Foresight, stated in a news release. “We believe that, like in the automotive space, the next step is to provide trains with sensors and processing capabilities, to prevent accidents, reduce downtime, and increase productivity. Rail Vision is uniquely positioned to offer these functionalities and provide systems, which have the potential to significantly reduce maintenance costs. Rail Vision is a leader in cognitive vision systems that detect objects before a train and make real-time decisions. We strongly believe that Rail Vision’s capabilities will become the standard in this market.”

In addition, Foresight announced a prototype sale of its breakthrough QuadSight quad-camera vision system designed for use in the autonomous and semi-autonomous vehicle market. A leading Chinese manufacturer of electric and autonomous vehicles ordered the prototype in order to evaluate the system’s performance with its current electric vehicles. Depending on the test results, the overseas manufacturer could implement QuadSight into future electric autonomous vehicle designs, a move that could mean significant revenue generation for Foresight.

“According to a report by Frost & Sullivan earlier this year, more than 1.2 million electric vehicles were sold globally in 2017,” Doron Cohadier, Foresight’s vice president of Business Development, added in a news release. “Notably, China led the market with 49.5 percent of total sales. With China expected to be the largest market for electric vehicles for at least the next five to seven years, and as analysts at Boston Consulting Group predict that more than five million conventional cars per year could be replaced by fully or semi-autonomous electric vehicles, we feel that our QuadSight system is well suited for the evolving Chinese electric vehicle market.”

Foresight gathers customer feedback and a greater understanding of its customers’ needs and requirements with each prototype sale. This information allows Foresight to modify the QuadSight system within a short period of time to accommodate each individual company’s needs.

These two announcements – becoming Rail Vision’s largest shareholder and its newest QuadSight sale – highlight Foresight’s continued commitment to being a leader in providing unique automotive vision systems solutions, addressing customers’ needs and expanding its presence in the industry. Foresight will continue to work to secure that presence by identifying opportunities to work closely with others interested in the research, development and integration of QuadSight.

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

Friday, July 27th, 2018 Uncategorized Comments Off on $FRSX Increases Ownership in Rail Vision, Lands Sale of QuadSight™ Prototype

$ABCCF Introduces FIRESIDE Recreational Cannabis Brand

NAPANEE, Ontario, July 27, 2018 — Building on its industry-leading technology and proven results, ABcann Global Corporation (TSX-V:ABCN) (“ABcann” or the “Company”) is proud to the announce the introduction of FIRESIDE, its first recreational cannabis brand.

“Legalization will bring a wide variety of different consumers to cannabis, and many will want a high-quality product without having to be an expert at choosing between strains. That’s why we created FIRESIDE – it’s a premium brand for those who want great products that are easy to understand. To ensure a superior quality experience, FIRESIDE cannabis will be grown in small batches in craft-like conditions,” says Sung Kang, Chief Marketing Officer. “As well, our special long-curing process means a smoother final product.”

FIRESIDE has been tailored specifically for social cannabis users, based on extensive research and consumer insights. When the adult-use recreational cannabis market opens to Canadians on October 17, 2018, FIRESIDE products will be available in both dried whole-bud and pre-rolled formats.

FIRESIDE epitomizes the social experience of sharing good times with friends around a fire, whether at the cabin or in an urban setting. Crafted for social occasions, FIRESIDE will appeal to the premium segment of the adult-use recreational cannabis market.

Fireside will be available in three varieties, all grown in ABcann’s state-of-the-art, ISO 9001 certified facilities using refined production techniques.

  • FIRESIDE Black:  a high THC product
  • FIRESIDE Red:  a medium THC product
  • FIRESIDE Gold:  a balanced THC/CBD product

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/76974c15-1f3e-4942-8c1e-6bceb52324bf

“Our new brands embody our focus on crafting high-quality, consistent products,” says Barry Fishman, ABcann’s Chief Executive Officer. “As a licensed producer of cannabis since 2014, we have the experience, knowledge and focus on innovation required to deliver superior products.”

ABcann Global is committed to providing cannabis products and services that improve lives. Every variable in ABcann’s growing, harvesting and curing process is precisely controlled and monitored. This indoor, high-tech growing environment translates into a superior product that is clean, consistent and repeatable; critical factors when delivering quality products.

With the emergence of the Canadian adult-use market, continued focus on the medical cannabis segment and a growing global opportunity — coupled with a healthy balance sheet — ABcann is well-positioned for success.

FIRESIDE is now live at FireSideCannabis.com and @firesidelife on Instagram.

About ABcann

ABcann is recognized for high-quality, trusted products and services. It holds production and sales licences from Health Canada, and its world-class indoor cultivation facility in Napanee, Ontario contains proprietary plant-growing technology, centred on its specially designed, environmentally-controlled growing chambers. This approach results in the production of pharmaceutical-grade cannabis products. ABcann is expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, such as Germany, Australia and Israel.

For more information:
Barry Fishman, CEO: barry.fishman@abcannglobal.com
Michael Bumby, CFO: michael.bumby@abcannglobal.com

ON BEHALF OF THE BOARD OF DIRECTORS

Barry Fishman (CEO and Director)

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

Disclaimer for Forward-Looking Information

This press release contains forward-looking statement, including statements regarding: the timing of the Company’s planned new wellness brand; the timing of opening of Canada’s adult-use market; the expected benefits to the Company from the launch of the FIRESIDE market; and the expected response of ABcann’s customers to its new product lines. The forward-looking statements in this release are based on certain assumptions and involves known and unknown risks and uncertainties and other factors that could cause actual events to differ materially from current assumptions and expectations, including that the adult-use market will open in the time frame expected and that customers will respond positively to ABcann’s new product lines. These forward-looking statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements, including regulatory impediments to the timing of the adult use market and that customer reception may not be as expected. A more complete discussion of the risks and uncertainties facing the Company appears in the Company’s Annual Information Form and continuous disclosure filings, which are available on SEDAR’s website at www.sedar.com. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation to update or revise any forward-looking statements as a result of new information or future events, or for any other reason, other than as required by applicable securities laws.

Friday, July 27th, 2018 Uncategorized Comments Off on $ABCCF Introduces FIRESIDE Recreational Cannabis Brand

$TGODF Announces Appointment of Geoff Riggs as Chief Information Officer

TORONTO, July 26, 2018 — The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF) is pleased to announce it has appointed 20-year IBM veteran Mr. Geoff Riggs as Chief Information Officer.  Mr. Riggs will set the Company’s direction on information technology, e-commerce and artificial intelligence strategies to support TGOD’s domestic and global expansion.

TGOD will employ techniques such as big-data mining and predictive analytics in order to optimize all aspects of the Company, including product sales forecasting, integrated greenhouse operations, consumer engagement and the development of unique intellectual property to develop an artificial intelligence decision support system for the global cannabis industry.

Mr. Riggs has extensive experience in leading high-performance teams, and a deep comprehension of next-generation information management solutions such as cognitive analytics and cloud computing. These qualities will be applied to oversee the development of an integrated technology platform that will underpin and enhance TGOD’s operational efficiency, adaptability and inter-operability, as well as provide a unique predictive business intelligence function.

Since 1998, Mr. Riggs has held a range of senior positions in project and service management, strategy consulting, sales and business development, leading complex partnerships and working with global brands as well as start-ups, government and NGOs across North America, Europe and Africa. In recent years Mr. Riggs has held leadership responsibilities in emerging market initiatives, including IBMs Innovation program, incorporating start-up technologies, research partnerships and academic collaborations to drive better efficiency and optimization for clients in water, energy and agri-food industries. Mr. Riggs complements Commerce and IT degrees with an MBA in Sustainable Development.

“All modern industries are data driven and the cannabis industry, with its global market, nascent supply chain and disruptive characteristics, will be no exception,” said Brian Athaide, TGOD’s CEO. “An integrated, real-time business intelligence capability, combined with artificial intelligence capabilities that can anticipate and adapt to industry dynamics will enhance TGOD’s ability to dominate the organic market segment, rationalize investments and maintain competitive differentiation. We look forward to having Mr. Riggs join our team.”

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 and is building 1,382,000 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 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
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.

Thursday, July 26th, 2018 Uncategorized Comments Off on $TGODF Announces Appointment of Geoff Riggs as Chief Information Officer

$SNNVF Unaware of Any Material Change in the Company’s Operations

VANCOUVER, British Columbia, July 26, 2018 — via NetworkWire — At the request of Investment Industry Regulatory Organization of Canada (“IIROC”), Sunniva Inc. (CSE:SNN) (OTCQX:SNNVF) (“Sunniva” or the “Company”) wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent change in market activity.

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

About Sunniva Inc.

Sunniva, through its subsidiaries, is a vertically integrated cannabis company operating in the world’s two largest cannabis markets – Canada and California – where we are committed to delivering safe, high-quality products and services at scale and creating trusted Sunniva branded cannabis products. Our vision is to become one of the lowest cost, highest quality vertically integrated cannabis producers in the markets we serve by building large scale purpose-built current cGMP designed greenhouses and expansion of retail locations, offering better quality assurance with cannabis products free from pesticides, providing better customer access to cannabis education and sourcing better therapeutic delivery devices. Sunniva’s management and board of directors have a proven track record for creating significant shareholder value both in the healthcare and biotech industries.

For more information please visit: www.sunniva.com

Contact Information:
Dr. Anthony Holler
Chairman and Chief Executive Officer
ir@sunniva.com

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$PBIO Patented Ultra-Shear Tech Focus of New Government-Funded Food Safety

  • Federal four-year grant awarded to Ohio State University to fund research program with PBIO
  • Goal is development of manufacturing process to keep foods fresh without costly refrigerated transport/storage and safe without chemical additives
  • PBIO’s Ultra-Shear Technology (“UST”) allows food manufacturers to manufacture healthier beverages and other foods that retain flavor and preserve product’s wholesome ingredients, potentially affecting future food processing around the world
  • Dairy alternative beverage market, which grew 18 percent from 2009 to 2014 to reach $18.9 billion, fueled by consumers seeking tasty, nutrient-dense, convenient options for on-the-go lifestyles
  • Consumers increasingly value “clean-label” foods, with 73 percent stating that they would pay more for food or drink products made safely with recognizable ingredients
  • Global dairy market projected at $442 billion by 2019 with a CAGR of six percent

Imagine food, such as milk, that doesn’t go bad, tastes like the fresh product, is free of chemical preservatives and doesn’t need expensive refrigerated transport or storage. Now, think of how many bottom lines of companies around the world such a technology could affect.

Global life sciences company Pressure BioSciences Inc. (OTCQB: PBIO) and its patented Ultra Shear Technology (“UST”) will be used to develop an innovative manufacturing technology in a new, federally-funded research program focused on food preservation and safety at Ohio State University’s College of Food, Agricultural and Environmental Sciences (“CFAES”). PBIO is a Massachusetts-based company that manufactures high-pressure-based equipment and laboratory instrumentation for the life science industry. CFAES is a worldwide leading food safety college.

PBIO’s Ultra Sheer Technology produces highly stable, clean and cost-effective nanoemulsions that facilitate the production of food products with enhanced shelf lives and without the need for chemicals or preservatives, as the company notes in a recent article (http://nnw.fm/U0P5r). The UST technology, which aligns with consumer demand for chemical- and preservative-free products, can be applied across many industries, including pharmaceutical, food, nutraceutical, industrial lubricant, paint and cosmetic sectors.

Researchers at Ohio State and their PBIO collaborators announced the U.S. Department of Agriculture’s National Institute of Food and Agriculture four-year $891,000 grant in a recent news release (http://nnw.fm/I3u4a). PBIO’s UST technology will be the basis upon which a new manufacturing technology will be developed to preserve food and beverages by reducing thermal exposure through the combined application of elevated pressure, shear, controlled times and temperatures.

A growing need to optimize processing technologies to preserve the freshness of foods while extending the shelf life without using preservatives is a key factor for researchers in this demanding, developing global market. Statista reports that, for example, the dairy market worldwide, valued at $336 billion in 2014, is projected to grow by six percent to reach a staggering $442 billion in 2019 (http://nnw.fm/bcI6n). For dairy-alternative consumers, the market is just as intriguing, with a strong demand that reached $18.9 billion by the end of 2014 as dairy-based sports nutrition drinks gained in popularity (http://nnw.fm/0Dj5Z).

V.M. Dr. “Bala” Balasubramaniam, a CFAES professor of food engineering, is leading the development project, which is designed as a collaborative team effort with scientists and engineers at PBIO. Balasubramaniam believes that UST also holds the potential to be utilized by food manufacturers to ensure a healthier processing of sauces, condiments and other foods.

“Development of cost-effective, next-generation, gentler industrial food manufacturing technologies for the preservation of healthy beverages has now become a critical need,” Balasubramaniam stated in the university’s news release.

Edmund Ting, a senior vice president at PBIO, will lead the development of the laboratory scale and pilot plant equipment that CFAES and the company’s researchers will use in the project. The UST equipment developed under the project will be used to demonstrate the UST-based processing method to the beverage and food processing industry through pilot plant demonstrations and testing at the university’s advanced technology pilot plant on campus.

“It has been rewarding to see the significant growth of high-pressure food and beverage processing over the last 25 years,” Ting stated in the news release. “I believe UST has equal if not greater applications than high-pressure processing, both within and outside the food and beverage industries.”

The high-pressure processing equipment market is projected to reach $500.3 million by 2022 at a CAGR of 11.26 percent from 2016, according to a report from MarketsAndMarkets (http://nnw.fm/Ju6dB). North America and European regions dominated this market in 2015 and are expected to continue leading as early adopters of new food processing technologies, the report states.

Consumers are increasingly looking for foods and beverage products that they believe are genuine and free of preservatives, with 73 percent stating that they would pay more for a product they trust, a Food Insider Journal article states (http://nnw.fm/Le9eZ). These “clean label” products brought in global sales of $165 billion in 2015 and are expected to reach $180 billion by 2020. The UST-based processing method being developed by Ohio State and PBIO will be a new alternative to existing options, one that will not use high heat and will consequently offer the potential for better taste, nutritional value and safety.

“We are pleased to collaborate with experts at Ohio State to advance the commercialization of the UST platform for the food and beverage market,” Ting added, noting that the UST equipment developed with the grant will eventually be shared with the food and beverage industry through pilot plant demonstrations and testing, webinars, short courses and food processor fact sheets.

“The UST technology is expected to be particularly beneficial for medium- and small-scale food processors and entrepreneurs who otherwise have limited technical resources to evaluate such novel food manufacturing processes,” Balasubramaniam said. “The ultimate goal is for consumers to benefit from the increased availability of wholesome, healthy beverage and food options.”

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

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$PFSF is “One to Watch”

  • Designing and powering Hyperledger blockchain technologies
  • Creating solutions for sectors highly reliant on supply chain transparency and efficiency
  • Business model allows for the creation of several wholly owned subsidiaries
  • Working relationship with IBM provides expertise on supply chain implementations
  • Management has more than 50 years of combined experience in finance, M&A, investments and more
  • Advisory team led by Dr. Wang-Chan Wong, a 25-year veteran of global IT enterprise

Pacific Software Inc. (OTC: PFSF) is focused on the design, development, and distribution of Hyperledger blockchain technology solutions for application to the specific needs of agriculture, cannabis, and the opioid epidemic.

The basic requirements of the systems to be developed include high-throughput transaction processing, traceability or tracking, visibility or monitoring, and transparency throughout the supply and value chains for the stakeholders. The development of this architecture will serve as an online commercial portal to service Pacific Software’s B2B accounts in the sectors below.

Agriculture

For application of its Agri-blockchain based system, Pacific Software will target farm-to-consumer exports to increase transparency, combat theft and counterfeit products, and reduce the health risks associated with shipping “tainted” agricultural products to other countries.

Cannabis

Perceiving blockchain as an ideal mechanism for the complexities of the cannabis industry, Pacific Software will strive to improve the transparency, compliance, and efficiency of the “seed-to-sale” supply chain in states where the plant is legal.

Controlled Substances

With the misuse of opioids on the rise worldwide, Pacific Software aims to apply its blockchain-based system to track opioids from pharmaceutical production to consumers and attempt to identify “Bad Actors” in the supply chain and fight against the global epidemic.

Business Model

The portal will be structured in a B2B format where clients will pay the company transaction fees, royalties, cash, cash equivalents and other forms of compensation to utilize its Hyperledger blockchain applications for their business models.

As the company executes these strategies, each Hyperledger blockchain-based system designed may be organized separately in wholly owned subsidiaries. To enhance its portfolio of holdings, Pacific Software may consider investments in companies where selected markets have imminent profitable results, providing appreciable value for investors and shareholders.

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

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CryptoCurrencyWire (CCW) 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 CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW 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, CCW brings its clients unparalleled visibility, recognition and brand awareness.

CryptoCurrencyNewsWire is where News, content and information converge via Crypto.

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$NUGL Launches Cannabis Brand Locator, Profile Claiming Features

LOS ANGELES, July 26, 2018  — via NetworkWire – NUGL Inc. (OTC:NUGL) (the “Company”), the cannabis industry’s new standard of technology, today announces the eagerly anticipated launch of its brand locator and profile claiming features for the cannabis community and its rapidly growing fan base.

NUGL’s platform is designed to serve cannabis-related businesses, products, services and users in a fresh and fair approach by building a community that truly meets the needs of the 420 industry. With the launch of two new features – profile claiming and brand locator – NUGL puts the power of self-promotion back into the hands of cannabis companies who can now build their own dedicated profile featuring their brands and services, while consumers are rewarded with the pleasure of discovering where they can purchase exactly what they want to buy.

“Brands are and will be the focus for us,” NUGL CMO Ryan Bartlett said. “Now users can search for brand specific items and see which stores offer these items, where they are located and read or offer their own unbiased reviews.”

Profile claiming provides the distinct benefit of linking cannabis-related brands to a specific profile, giving owners a dedicated platform to market to an identified consumer base of users. The brand locator gives cannabis companies the ability to promote their brands and connect with dispensaries and retail stores, upping the marketing potential for products, services and making it infinitely easier for consumers to actually find their favorite brands.

NUGL has also expanded its development team with the addition of two additional software developers. “Supporting the Company’s extraordinary growth and accelerated timeline for adding features to the NUGL app will keep the team busy,” said Jeff Odle, NUGL’s Chief Technical Officer.

“We have two more major features we are working to launch in the next few months and the added support will help expedite these valuable additions to our platform,” Odle said. “One of the features is an enhanced menu that will blow our user base away.”

NUGL’s user and profile base of listings and brands is growing fast with dispensaries, strains, doctors, lawyers, service professionals, vape shops, hydro stores and brands being added daily. NUGL has recently expanded outside of California and will continue to methodically market in each state.

About NUGL

NUGL is the world’s first cannabis search app built for the people, by the people. Our goal is to build the most user-friendly app experience in the cannabis industry by listening to our users and giving them what they want. NUGL is the only cannabis search app that offers equal and unbiased search results. We don’t sell top-spot listings or fake reviews, so our 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
LinkedIn: https://www.linkedin.com/company/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)
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$NETE Positioned to Continue Organic Growth with Launch of Smart Vendor Payments

  • Received $7.55 million institutional investment to support growth
  • Setting the standard for global cross-channel payments acceptance and value-added service offerings
  • Global business-to-business sales estimated at $7.7 trillion compared to $2.3 trillion business-to-consumer market
  • Executed several complex initiatives in 2017, continued to deliver double-digit percentage organic growth year-over-year
  • Total transactions processed by NETE during first six months of 2018 at $50.2 million, up from $35.7 million during same period of 2017

Global financial services, technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) continues increasing profitability with a strong track record that includes processing transactions in over 50 countries and coming “close to the $3 billion mark” with over 154 million transactions, Net Element CEO Oleg Firer stated in an exclusive interview with NetworkNewsAudio (http://ccw.fm/Ty9Tr).

Key to this growth is the company’s next-generation Netevia platform that offers a smart solution that enables secure vendor payment transactions and streamlines business-to-business (“B2B”) transactions. Global B2B e-commerce gross sales are estimated at nearly $7.7 trillion compared to the $2.3 trillion business-to-consumer (“B2C”) market, according to Statista (http://ccw.fm/Kb4Y2).

The company’s Netevia platform streamlines B2B payments by improving vendor payment processes and reducing the costs to send payments through a user-friendly web and mobile platform interface. This streamlined transaction platform, developed for small and medium-sized businesses, brings comprehensive and innovative card payments-oriented solutions that enhance operations by enabling vendor payments.

With Netevia, business owners can safely integrate payment acceptance into their unique ecommerce solutions, allowing users to manage their vendors, process payments and handle invoices with existing accounting systems. Merchants can streamline their own processes, including marketing tools, payment mechanisms and point-of-sale devices, and can add features as needed. Payment solutions between vendor sales is also supported by Netevia (http://ccw.fm/8xdpX), and tech support is available at any time by phone, email or web chat – a critical benefit when dealing with international business ventures.

Businesses that use Netevia, which was launched in February 2018, can accept over 100 cashless payment methods in nearly two dozen currencies. Net Element is well positioned in 2018 following a $7.55 million institutional investment to support growth and the launch of a business unit focused on blockchain technology solutions that will empower users to create decentralized, customized payment products, accept cryptocurrency in a multi-channel environment without having to pay high fees, develop loyalty programs and more (http://ccw.fm/O36Uj).

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

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CryptoCurrencyWire (CCW) 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 CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW 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, CCW brings its clients unparalleled visibility, recognition and brand awareness.

CryptoCurrencyNewsWire is where News, content and information converge via Crypto.

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$FRSX Looks to Lead Autonomous Vehicle Race with Merger and Series of Private Placements

  • Foresight sets primary goal to sell prototype systems of QuadSight, its multi-spectral vision system for autonomous vehicles
  • The company looks to establish mutual cooperation with key clients in automotive industry
  • Foresight moves forward with plans to sell its Eyes-On automotive vision system to a leading Israeli vehicle importer
  • Global autonomous vehicle market expected to reach $54.23 billion by 2026

While 2017 was the year of the electric vehicle, 2018 is slated to be the year of autonomy. Elon Musk predicted a fully autonomous Tesla (NASDAQ: TSLA) model by 2018, and General Motors Company (NYSE: GM) is slated to put its version of a fully autonomous car into production in 2019 (http://nnw.fm/8dcGM) (http://nnw.fm/S0kKL). The global autonomous vehicle market is expected to reach $54.23 billion by 2026 (http://nnw.fm/qh9F0). Well positioned to take advantage of the upcoming autonomous vehicle boom is Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX), a technological innovator in automotive vision systems and driver assistance technology working to solve the complex nuances of autonomous driving.

Foresight creates products and solutions designed to drive the future of the semi- and fully-autonomous vehicle industry. The company was first conceptualized as a spin-off of major shareholder Magna B.S.P., an Israeli company that has provided innovative homeland security and surveillance technology solutions for the last 20 years. Foresight now uses the same technology to power two of its unique solutions: QuadSight and Eyes-On. Foresight’s third solution, EyeNet, is a cellular-based V2X accident prevention system.

Foresight recently signed a non-binding memorandum of understanding (“MOU”) with a leading importer of vehicles to Israel for the sale of its Eyes-On system for aftermarket configuration. As a first step, Foresight and the importer will carry out a pilot project using a beta version of the Eyes-On system during which the system will be integrated into a number of models from the importer’s fleet of vehicles. The MOU could potentially see the importer order 21,000 Eyes-On systems over three years. Eyes-On is an advanced driver assistance system (“ADAS”) that uses two cameras and stereoscopic technology to detect potential obstacles with a very high degree of accuracy. Stereoscopic technology uses two synchronized cameras to imitate human depth perception. Eyes-On is available as both an OEM and a retrofit solution.

Foresight’s focus for 2018 is QuadSight, according to a recent interview given by VP of Business Development Doron Cohadier. QuadSight is a multi-spectral vision system that uses four cameras (two visible light and two infrared cameras) to provide safety in all weather and lighting conditions, including extreme weather situations. One of Foresight’s main goals for this year is the sale of several QuadSight prototype systems. Foresight recently sold a couple of these prototype systems.

“These prototype systems will allow us to be in connection with various key stakeholders within the automotive industry at an early stage,” Cohadier explained in a news release. “And following that, we want to establish mutual cooperation with these key clients in the automotive industry.”

Foresight’s operates as a holding company with three pillars under it: Foresight Automotive Ltd., Eye-Net and Rail Vision. Foresight Automotive is dedicated to developing advanced accident prevention systems and solutions based on vision systems and stereoscopic technology, while EyeNet is focused on development of the EyeNet V2X (vehicle-to-everything) cellular-based accident prevention system that provides real-time pre-collision alerts to vehicles and pedestrians using smartphones and cellular networks. Rail Vision, of which Foresight has 35 percent equity, develops advanced systems for railway safety.

Another large goal for Foresight in 2018 is to complete the spinoff and merger of Eye-Net with Israeli company Tamda Ltd. (TASE: TMDA). The two companies signed a merger agreement in early May that will see Foresight establish a wholly owned subsidiary. Foresight will then transfer to the subsidiary all of Foresight’s rights and intellectual property for Eye-Net for no consideration. Upon closure of the merger, Foresight has agreed to transfer 100 percent of the share capital of the newly-created subsidiary to Tamda in exchange for approximately 74.49 percent of Tamda’s share capital as of the closing date of the transaction.

Foresight is well-positioned to reach these goals. The company recently attracted private placement agreements from several leading Israeli institutional investors. Harel Insurance invested $5.5 million, while Meitav Dash Group invested $4.1 million and Psagot Investment House another $1.4 million.

Cohadier also spoke to Foresight’s strong strategic positioning, saying “At the end of the day, an autonomous vehicle will have a few technologies on them for sensors for redundancy purposes. Basically, there won’t be one winning technology, there will be quite a few. But what we understood is vision will always be needed. Vision is the only sensor that can actually identify lanes, traffic signs, traffic lights, colours… If vision will always be needed and you require [it], you might as well have the best vision systems. We want to provide the market with the best vision systems.”

For more information, visit the company’s website at www.ForesightAuto.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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$DPW Enertec Systems Awarded $4.3 Million Second-Stage Project

NEWPORT BEACH, CA, July 26, 2018 — DPW Holdings, Inc. (NYSE American: DPW), a diversified holding company, announced Enertec Corporation, the Israel-based defense solutions group of DPW subsidiary Coolisys Technologies, Inc., was awarded a $4.3 million second-stage contract award from an Israeli defense and aerospace contractor to supply computer-based command and control missile defense systems.

Zvi Avni, CEO of Enertec, said, “This important win is the result of a multi-year development effort, reinforcing Enertec’s strategic focus on missile defense systems and validating our ability to deliver complex command and control systems. We believe we are well-positioned to pursue additional orders for similar systems from existing and new customers.”

Coolisys’ President and CEO Amos Kohn stated, “This project illustrates Enertec’s growing reputation as an innovative provider of state-of-the-art missile defense and aerospace systems. Coolisys’ acquisition of Enertec in May 2018, as part of our strategy of growth through synergistic acquisitions, is enabling us to increase our revenues and expand our customer base. This win will help to further solidify Coolisys’ position as an advanced aerospace and defense technology supplier for major strategic defense programs.”

In 2015, Enertec developed and manufactured a deployable mobile command & control center for medium range ground-to-air missile defense systems for the same customer. The company expects to deliver a significant portion of the new second-stage project during 2018.

ABOUT ENERTEC SYSTEMS

Enertec Systems 2001, Ltd is a wholly owned subsidiary of Coolisys Technologies, Inc., part of DPW Holdings’ diversified portfolio. Enertec is Israel’s largest private developer and manufacturer of specialized electronic systems for the aerospace and defense markets. The company is recognized for providing multi-purpose turnkey systems designed to serve in harsh environments and battlefield conditions. Applications and products include mission computers, missiles launchers, command and control systems, automatic testing systems and power supply systems. Products and solutions are implemented in land and naval combat electronic systems, command and control centers, simulators and missiles systems. Enertec also provides precise calibrated solutions for medical OEMs. Coolisys Technologies acquired Enertec in May 2018. For more information please see www.enertec.co.il and www.coolisys.com.

ABOUT DPW HOLDINGS, INC.
DPW Holdings, Inc., (www.DPWHoldings.com), is a diversified holding company pursuing a growth strategy of acquiring undervalued assets and disruptive technologies with a global impact. The Company invests in diverse industries within the commercial, defense/aerospace, industrial, communication, medical, crypto-mining, hospitality, textile, and corporate investment/lending sectors. DPW has evolved and grown from being a leader in advanced power products. Through its subsidiaries, the company continues to be a leader and supplier of innovative technologies, advanced design and development services, and state-of-the-art power products and solutions. DPW Holdings, Inc.’s headquarters is located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.

Forward-Looking Statements
The foregoing 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, including statements regarding the anticipated shipment and revenue recognition of customer orders. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.

 

###

 

Contacts: 
Ron Parham or Kirsten Chapman, LHA Investor Relations, 415.433.3777, dwpholdings@lhai.com
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$TORC Announces Positive Topline Results in Phase 2b Trial of RTB101

Statistically significant and clinically meaningful 30.6% reduction in the percentage of patients with one or more laboratory-confirmed respiratory tract infections (RTIs), the primary endpoint of the trial, in the RTB101 10 mg once daily cohort compared to the placebo cohort —

— Statistically significant 68.4% reduction in the incidence of laboratory-confirmed RTIs in the pre-specified analysis of asthma patients 65 years and older treated with RTB101 10 mg once daily —

— Statistically significant 66.7% reduction in the incidence of laboratory-confirmed RTIs in the pre-specified analysis of patients 85 years and older treated with RTB101 10 mg once daily —

— All doses were well-tolerated; RTB101 10 mg once daily had a comparable safety profile to placebo —

— The Phase 2b trial successfully identified a dose and patient populations with high unmet need for upcoming pivotal trials —

— Conference call 8:30 AM Eastern Time today —

BOSTON, July 25, 2018 — resTORbio, Inc. (Nasdaq:TORC) today announced positive topline results from its dose-ranging Phase 2b clinical trial that enrolled 652 elderly patients at increased risk of morbidity and mortality associated with respiratory tract infections (RTIs). In this trial, RTB101, an oral, selective, and potent inhibitor of target of rapamycin complex 1 (TORC1), demonstrated a statistically significant and clinically meaningful reduction in the percentage of patients with one or more laboratory-confirmed RTIs during the 16-week treatment period compared to placebo, the primary endpoint of the study, with the 10 mg once daily dose. Greater TORC1 inhibition with RTB101 10 mg in combination with everolimus 0.1 mg did not meet the primary endpoint, suggesting that that less TORC1 inhibition with RTB101 10 mg once daily may have greater benefit in high-risk elderly patients.

“This Phase 2b has successfully defined a dose, RTB101 10 mg once daily, to be evaluated in future pivotal studies. That dose led to a statistically significant decrease in the incidence of laboratory-confirmed RTIs and was well-tolerated in the high-risk elderly patients enrolled in the Phase 2b study. We have also identified patient populations that were particularly high responders,” said Joan Mannick, M.D., Co-Founder and Chief Medical Officer of resTORbio. “We believe the findings of this trial provide us with a clear path forward for pursuing a pivotal program for RTB101 to reduce the incidence of RTIs in high-risk elderly patients. We look forward to working closely with the U.S. Food and Drug Administration (FDA) and other regulatory agencies on this program.”

“The majority of RTIs requiring hospitalizations in the very elderly and the majority of asthma exacerbations are caused by viruses for which there are currently no approved therapies,” said Professor Sebastian Johnston, Professor of Respiratory Medicine and Allergy at the National Heart and Lung Institute, Imperial College London. “The magnitude of reduction in the incidence of laboratory-confirmed RTIs observed with RTB101 suggests that, if successfully developed and approved, RTB101 may be a new promising treatment for the very elderly and elderly patients with asthma who are at high risk of morbidity and mortality associated with RTIs.”

“The primary endpoint of this Phase 2b study, the percentage of patients with laboratory-confirmed RTIs, was chosen based on feedback from the FDA, and we look forward to discussing these results at our end of Phase 2 meeting with the agency,” said Chen Schor, Co-Founder, President and CEO of resTORbio. “RTIs are the fourth leading cause of hospitalization in patients 65 years and older, and the second leading cause of hospitalization in patients 85 years and older in the U.S. We are committed to helping the millions of elderly patients at high risk of morbidity and mortality due to RTIs.”

The Phase 2b trial was a two-part, randomized, double-blind, placebo-controlled clinical trial conducted during the winter cold and flu season in the southern hemisphere (Part 1) and northern hemisphere (Part 2). Patients enrolled were those at increased risk of morbidity and mortality from RTIs including patients who were: (i) 85 years of age or older, or (ii) 65 years of age or older with asthma, type 2 diabetes mellitus (T2DM), chronic obstructive pulmonary disease (COPD), or current smokers. The doses investigated in Part 1 were RTB101 5 mg and RTB101 10 mg once daily. The doses investigated in Part 2 were RTB101 10 mg once daily, RTB101 10 mg twice daily and RTB101 10 mg in combination with everolimus 0.1 mg once daily.

The following was observed in an analysis of the primary endpoint:

  • A 30.6% decrease relative to placebo in the percentage of all patients treated with RTB101 10 mg once daily who developed one or more laboratory-confirmed RTIs (p=0.026)
  • A 20.6% decrease relative to placebo in the percentage of all patients treated with RTB101 5 mg once daily who developed one or more laboratory-confirmed RTIs (p=0.108)
  • No decrease relative to placebo in the percentage of patients treated with either RTB101 10 mg twice daily or the combination of RTB101 10 mg + everolimus 0.1 mg once daily who developed one or more laboratory-confirmed RTIs, suggesting that less TORC1 inhibition with RTB101 10 mg once daily may have greater benefit in high-risk elderly patients

To better understand the activity observed in the RTB101 10 mg once daily cohort, a pre-specified analysis of each patient subgroup enrolled in the study was conducted. The following decreases in the percentage of patients with laboratory-confirmed RTIs were observed in the RTB101 10 mg once daily cohort as compared to the placebo cohort:

  • A 68.4% decrease in all asthma patients (p=0.0002)
  • A 66.7% decrease in all patients 85 years of age and older (p=0.007)
  • A 26.9% decrease in all T2DM patients (p=0.020)
  • No decrease was observed in either COPD patients or current smokers; a 42.0% decrease in all patients was observed when excluding patients with COPD (p=0.002) and a 43.9% decrease in all patients was observed when excluding current smokers (p=0.001)

All doses were observed to be well-tolerated. Data from the RTB101 10 mg once daily cohort are as  follows: Adverse events (AEs) were balanced between the RTB101 10 mg once daily and placebo treatment groups. 4.5% of subjects in the RTB101 10 mg once daily cohort and 7.2% of subjects in the placebo cohort had a serious adverse event, none of which were considered related to study drug. 4.5% of subjects in the RTB101 10 mg once daily cohort and 6.1% of subjects in the placebo cohort discontinued study drug due to an AE. All AEs were mild or moderate except for 11 severe AEs in the RTB101 10 mg once daily cohort and 22 severe AEs in the placebo cohort.

This Phase 2b is the second study in which RTB101 10 mg once daily was observed to be well-tolerated and reduce the incidence of RTIs in the elderly. Together, these studies enrolled more than 900 elderly people.

Conference Call and Webcast Information

resTORbio management will host a conference call today at 8:30 a.m. ET to discuss the results of the Phase 2b trial. To participate in the conference call, please dial (877) 356-9149 (domestic) or (629) 228-0720 (international) and refer to conference ID 3181638. A live webcast of the call can be accessed in the “Investors” section of the Company’s website at www.restorbio.com. An archived webcast recording will be available on the resTORbio website beginning approximately two hours after the call.

Phase 2b Trial Design

The purpose of the exploratory dose-finding, randomized, double-blind, placebo-controlled, multi-center Phase 2b clinical trial was to determine if RTB101 alone or in combination with everolimus decreased the incidence of RTIs in high-risk elderly patients, as well as to evaluate safety and tolerability alone or in combination with everolimus, to support dose selection for pivotal trials.

The study enrolled 652 patients at increased risk of morbidity and mortality from RTIs including patients who were: (i) 85 years of age or older, or (ii) 65 years of age or older with asthma, T2DM, COPD, or current smokers. The study consisted of two parts. Part 1 was conducted during the winter cold and flu season in the southern hemisphere and 179 elderly patients were randomized to receive either placebo, RTB101 5 mg or RTB101 10 mg once daily. At the end of Part 1, an interim analysis was conducted by an unblinded data monitoring committee who selected the RTB101 10 mg dose to move forward into Part 2 of the study. Part 2 was conducted during the winter cold and flu season in the northern hemisphere and 473 elderly patients were randomized to receive either placebo, RTB101 10 mg once daily, RTB101 10 mg twice daily, or RTB101 10 mg in combination with everolimus 0.1 mg once daily. All patients were treated with study drug for 16 weeks, and then were followed for an additional eight weeks off study drug.

The primary endpoint of the trial was a reduction, as compared to placebo, in the percentage of patients with one or more laboratory-confirmed RTIs during the 16 weeks of study drug treatment. A pre-specified exploratory endpoint was a reduction, as compared to placebo, in the percentage of patients with one or more laboratory-confirmed RTIs in each of the patient subgroups (≥ 85 years of age, ≥ 65 years of age with asthma, COPD, T2DM, or current smokers).

Additional information about the study [NCT03373903] can be obtained at www.ClinicalTrials.gov.

About Respiratory Tract Infections

The reduced ability of the aging immune system to effectively detect and fight infections results in increased susceptibility of the elderly to RTIs. In the U.S., RTIs are the fourth leading cause of hospitalizations and seventh leading cause of death in people age 65 years and older. Additionally, the majority of asthma exacerbations are caused by RTIs, and the majority of RTIs are caused by viruses for which there are no currently approved therapies.

A survey was conducted by resTORbio of 100 physicians in the U.S. that treat approximately 25,000 patients aged 65 years or older monthly. Depending on their specialty, the physicians surveyed estimated that they would prescribe a therapeutic that reduced the incidence of laboratory-confirmed RTIs by 25% to approximately 30-50% of their high-risk elderly patients. Data from market surveys may not predict actual prescribing behavior should RTB101 receive regulatory approval.

About RTB101

RTB101 is an oral, selective, and potent inhibitor of TORC1. RTB101 inhibits the phosphorylation of multiple targets downstream of TORC1. Inhibition of TORC1 has been observed to extend lifespan and healthspan in aging preclinical species and to enhance immune, cardiac and neurologic functions, suggesting potential benefits in several aging-related diseases.

About resTORbio

resTORbio, Inc. is a clinical stage biopharmaceutical company targeting TORC1 and other biological pathways that regulate aging to develop innovative medicines with the potential to extend healthy lifespan. resTORbio’s lead program is selectively targeting TORC1, an evolutionarily conserved pathway that contributes to the decline in function of multiple organ systems, including the immune, cardiovascular and central nervous systems.

Forward Looking Statements

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the federal securities laws. Investors are cautioned that statements in this press release which are not strictly historical statements, including, without limitation, express or implied statements or guidance regarding our plans to develop and commercialize RTB101 alone or in combination with everolimus, including the therapeutic potential and clinical benefits thereof, and the potential patient populations that may be addressed by our product candidates, our ongoing and future clinical trials for RTB101 alone or in combination with everolimus, including the timing of the initiation and anticipated results of these trials, as well as the intended regulatory path for our product candidates and interactions with regulatory authorities, constitute forward-looking statements identified by words like “believe,” “expect,” “may,” “will,” “should,” “seek,” “anticipate,” or “could” and similar expressions. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated, including, without limitation, risks associated with: the delay of any planned clinical trials and/or development of RTB101, either alone or in combination with everolimus; our ability to successfully demonstrate the efficacy and safety of our lead product candidate; the clinical results for our lead product candidate which may not support further development of additional indications; and obtaining, maintaining and protecting our intellectual property; as well as those risks more fully discussed in the section entitled “Risk Factors” in the Annual Report on Form 10-K filed by resTORbio, Inc. with the Securities and Exchange Commission, as well as discussions of potential risks, uncertainties, and other important factors in our subsequent filings with the Securities and Exchange Commission. In addition, any forward-looking statements represent our views only as of today and should not be relied upon as representing its views as of any subsequent date. resTORbio explicitly disclaims any obligation to update any forward-looking statements.

Investor Contact:
Jennifer Robinson
resTORbio, Inc.
875-772-7029
jrobinson@restorbio.com

Media Contact:
Courtney Heath
Scient PR
617-872-2462
courtney@scientpr.com

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$DPW Announces Microphase Corp.’s $2.1M Contract with U.S. Defense Contractor

NEWPORT BEACH, Calif., July 23, 2018 — DPW Holdings, Inc. (NYSE American: DPW), a diversified holding company, announced Microphase Corporation, a division of DPW subsidiary Coolisys Technologies, Inc., won a $2.1 million contract award from a first-tier U.S. government defense contractor to supply its sophisticated communications filters to be used in combat warfare system components.

Microphase, which has supplied earlier versions of the component to this defense contractor since October 2015, expects shipment of the component to commence in late 2018 or early 2019.

Microphase General Manager Rock Martel stated, “We are committed to our customers and believe this significant, multi-year follow-on order illustrates our customers’ confidence in our ability to meet their needs. Microphase’s innovative radio frequency (RF), microwave and millimeter-wave technology solutions and products enable our customers to achieve higher performance and reliability at a reduced cost.”

ABOUT MICROPHASE CORPORATION

Microphase Corporation, a majority-owned subsidiary of Coolisys Technologies, Inc., a part of DPW Holdings’ diversified portfolio, is an innovative and trusted supplier of advanced electronic technology solutions across a diverse mix of markets. Microphase designs, develops, and manufactures standard and customized state-of-the-art RF, Microwave, and Millimeter-wave components, devices, subsystems and integrated modules primarily for the Defense & Aerospace markets. For more information please see www.Microphase.com and www.Coolisys.com.

ABOUT DPW HOLDINGS, INC.
Headquartered in Newport Beach, CA, DPW Holdings, Inc., (www.DPWHoldings.com), is a diversified holding company pursuing a growth strategy of acquiring undervalued assets and disruptive technologies with a global impact. The Company invests in diverse industries within the commercial, defense/aerospace, industrial, communication, medical, crypto-mining, hospitality, textile, and corporate investment/lending sectors. DPW has evolved and grown from being a leader in advanced power products. Through its subsidiaries, the company continues to be a leader and supplier of innovative technologies, advanced design and development services, and state-of-the-art power products and solutions. DPW Holdings, Inc.’s headquarters is located at 201 Shipyard Way, Suite E, CA 92663; www.DPWHoldings.com.

Forward-Looking Statements
The foregoing 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, including statements regarding the anticipated shipment and revenue recognition of customer orders. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.

###

Contacts: 
Ron Parham or Kirsten Chapman, LHA Investor Relations, 415.433.3777, dwpholdings@lhai.com
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$TGODF Spin Off Provides Cannabis Investors with Ground Floor Opportunity

SEATTLE, July 25, 2018  — CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article covering The Green Organic Dutchman Ltd.’s (TSX:TGOD) (OTCQX:TGODF) recently proposed spin off of a company focused on investments and acquisitions. TGOD raised more than C$115 million in an initial public offering at C$3.65 about three months ago. Since then, the stock soared to a high of C$7.87 before settling in the C$6.00 range over the past few weeks, netting investors a return of over 60 percent (assuming a sell price of $6) in less than six months. Investors that missed the original IPO may have another opportunity in the form of a planned spin off during the fourth quarter of this year.

Invest Alongside Management and Insiders in a Seed Round

The same team behind The Green Organic Dutchman’s successful IPO plans to create a new company, TGOD Acquisitions, that will be spun off as a special dividend providing TGOD shareholders the ability to purchase a Unit in TGOD Acquisitions for $0.50. Management believes that the new IPO presents investors with a unique opportunity to tap into TGOD’s significant expertise and participate at a seed level that’s typically reserved for management, employees, close friends and family.

“This is an incredible opportunity for TGOD to transfer expertise and monetize our proprietary knowledge from the Canadian marketplace,” said TGOD CEO Brian Athaide. “We will partner with innovative and disruptive companies that we can assist with capital market knowledge and unique retail-exclusive financing methods. The intention is to raise additional capital and list TGOD Acquisition on the Canadian Securities Exchange.”

The new company will focus on strategic acquisitions and worldwide opportunities that are not core to TGOD’s own business in Canada. With its listing on the Canadian Securities Exchange the new company will be permitted to participate in the United States cannabis industry, which is off-limits for companies that are listed on the Toronto Stock Exchange. It could also participate in other markets around the world, including growing European markets.

A Closer Look at the Transaction

The Green Organic Dutchman will distribute a warrant to acquire a TGOD Acquisitions unit for $0.50 to its shareholders. Each unit will consist of one share plus an additional warrant that will be triggered by a subsequent financing following the initial offering. The distribution will be paid on the basis of one warrant for every 6.67 TGOD shares owned on the record date, which will be fixed by the board of directors over the near-term.

The only way to increase exposure to TGOD Acquisitions is through an increased position in TGOD common shares prior to the record date, that has yet to be set.

TGOD and TGOD Acquisitions will enter into a repayable funding agreement whereby TGOD will provide C$25 million of working capital to TGOD Acquisitions that will be repayable by TGOD Acquisitions prior to the completion of any investment. In consideration, TGOD Acquisitions will issue a restricted warrant to purchase 50 million common shares for a period of 25 years from the date upon TGOD Acquisitions beings trading on the CSE.

Units that aren’t purchased by investors will be backstopped by TGOD management. Following the completion of the spin off, TGOD Acquisitions will operate at arm’s length to TGOD and will have an independent board of directors and management team. The details of the new board and management team will be announced with the filing of materials at a special meeting of TGOD shareholders to approve the transaction.

Watch a recent executive interview here.

TGOD VP of Investor Relations, Danny Brody, gives an overview of the company’s current position in the legal cannabis market as a certified organic producer. He also discusses the company’s ambitious international plans, and TGOD’s positioning in the emerging edibles and beverages space. Filmed at the O’Cannabiz Expo in Toronto, June 8, 2018.

Looking Ahead

The Green Organic Dutchman Ltd.’s (TSX:TGOD) plans to spin off TGOD Acquisitions could generate tremendous value for shareholders. Rather than expanding its own scope, the company is providing its shareholders with an opportunity to invest in an internationally-focused cannabis company that leverages the same intrinsic value. TGOD shareholders can then focus on a pureplay in the Canadian market.

For more information, visit the company’s website at www.tgod.ca.

Please follow the link to read the full article: http://www.cannabisfn.com/tgod-spin-off-provides-cannabis-investors-ground-floor-opportunity/

About CFN Media

CFN Media (CannabisFN) is the leading agency and financial media network dedicated to the global cannabis industry, helps companies operating in the space attract investors, capital, and publicity. Since 2013, private and public cannabis companies in the US and Canada have relied on CFN Media to grow and succeed.

Learn how to become a CFN Media client company, brand or entrepreneur: http://www.cannabisfn.com/featuredcompany

Download the CFN Media iOS mobile app to access the world of cannabis from the palm of your hand: https://itunes.apple.com/us/app/cannabisfn/id988009247?ls=1&mt=8

Or visit our homepage and enter your mobile number under the Apple App Store logo to receive a download link text on your iPhone: http://www.cannabisfn.com

Disclaimer

CannabisFN.com is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided on http://www.cannabisfn.com (the ‘Site’) is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate. CannabisFN.com, a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies.  We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. CannabisFN.com received compensation for producing and presenting high quality and sophisticated content on CannabisFN.com along with financial and corporate news.

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

CFN Media
Frank Lane
206-369-7050
flane@cannabisfn.com

 

Wednesday, July 25th, 2018 Uncategorized Comments Off on $TGODF Spin Off Provides Cannabis Investors with Ground Floor Opportunity

$SNNVF Vertically Integrated Structure Strengthened by Several Subsidiaries

  • Operating in world’s two largest cannabis markets – California and Canada
  • Vertically integrated structure extracts value along the supply chain
  • Pre-production sales strategy mitigates risk

What can you give a company, like Vancouver, British Columbia-based Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF), that seems to have everything? For starters, this vertically-integrated producer of medical and recreational cannabis has a presence in California and Canada, the world’s two largest cannabis markets. Through several wholly-owned subsidiaries, it has operations in cannabis grow facilities, cannabis extraction facilities, medical cannabis clinics and the cannabis white label business. Moreover, a large part of its estimated total output for the next two years has already been sold as pre-production, even before the completion of grow facilities – a sure signal of customer trust. Even though its grow activities are yet to make a contribution, Sunniva is already generating revenue. With all that in place, this is a company whose future looks as bright as its name, which is derived from an old English word meaning ‘gift of the sun’.

Sunniva is into large-scale low-cost production. Through subsidiary CP Logistics, the company is close to completing a cGMP-compliant greenhouse facility in Cathedral City, California, that will have an estimated annual output cannabis capacity of 100,000 kilos. 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 with operations commencing in Q4 2018. Approximately 30 percent of initial production has been committed for conversion to oils and extracts. Phase 2 is expected to increase the greenhouse space by 164,000 square feet and increase output capacity by some 40,000 kilos per year.

The location and design choices were made with a focus on low-cost production in mind. The abundant sunlight in California will reduce energy costs, while the highly automated operations will ensure the most efficient production processes are employed. In California also, close to its Cathedral City Campus, Sunniva is operating an extraction facility, through subsidiary CP Logistics. The Sun Oil extraction facility, which has an oils and extracts manufacturing license, is currently being upgraded with additional equipment (http://nnw.fm/o6mFk).

Furthermore, Sunniva recently broke ground at a recently acquired facility, in Canada, with similar production capacity, and work is now continuing at that 126-acre site in Okanagan Falls, British Columbia. The 740,000 square foot facility will have an estimated output capacity of 100,000 kilos annually and is expected to become operational in Q1 2019. About 75 percent of its output will be pre-sold on a wholesale basis (http://nnw.fm/x5YQd).

Natural Health Services Ltd. is a network of medical cannabis clinics in Canada that offers patients access to medical practitioners specializing in the endocannabinoid system. This Sunniva subsidiary also connects patients with licensed producers through its SPARK proprietary software system, allowing Sunniva to capture revenue from patient purchases. As soon as the facilities become operational, Sunniva intends to start marketing its own produced cannabis  The network currently has over 95,000 patients (over one-third of all Canadian medical cannabis patients), and it has agreements in place with 27 licensed producers.

Sunniva’s seed-to-sale, vertically integrated structure is also bolstered by its Full Scale Distributers (FSD) subsidiary, which markets vaporizers and accessories under the Vapor Connoisseur brand. FSD also provides white label packaging and labelling services to over 80 brands in North America, making it a clear leader in the space. It will design custom vapor hardware for any specification of cannabis oil or concentrate. Now, with the addition of the Sun Oil Facility, customers can also have their extraction and processing done; cartridges can be filled, assembled, labeled and packaged according to their own standards and branding, as well as shipped to their final destinations.

The company recently announced voting results of the Annual General and Special Meeting of Shareholders held on June 27, 2018 (http://nnw.fm/y23GS).

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

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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

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$NETE Positioned to Continue Organic Growth

  • Received $7.55 million institutional investment to support growth
  • Setting the standard for global cross-channel payments acceptance and value-added service offerings
  • Global business-to-business sales estimated at $7.7 trillion compared to $2.3 trillion business-to-consumer market
  • Executed several complex initiatives in 2017, continued to deliver double-digit percentage organic growth year-over-year
  • Total transactions processed by NETE during first six months of 2018 at $50.2 million, up from $35.7 million during same period of 2017

Global financial services, technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) continues increasing profitability with a strong track record that includes processing transactions in over 50 countries and coming “close to the $3 billion mark” with over 154 million transactions, Net Element CEO Oleg Firer stated in an exclusive interview with NetworkNewsAudio (http://nnw.fm/547Sh).

Key to this growth is the company’s next-generation Netevia platform that offers a smart solution that enables secure vendor payment transactions and streamlines business-to-business (“B2B”) transactions. Global B2B e-commerce gross sales are estimated at nearly $7.7 trillion compared to the $2.3 trillion business-to-consumer (“B2C”) market, according to Statista (http://nnw.fm/FPuy2).

The company’s Netevia platform streamlines B2B payments by improving vendor payment processes and reducing the costs to send payments through a user-friendly web and mobile platform interface. This streamlined transaction platform, developed for small and medium-sized businesses, brings comprehensive and innovative card payments-oriented solutions that enhance operations by enabling vendor payments.

With Netevia, business owners can safely integrate payment acceptance into their unique ecommerce solutions, allowing users to manage their vendors, process payments and handle invoices with existing accounting systems. Merchants can streamline their own processes, including marketing tools, payment mechanisms and point-of-sale devices, and can add features as needed. Payment solutions between vendor sales is also supported by Netevia (http://nnw.fm/N3aYc), and tech support is available at any time by phone, email or web chat – a critical benefit when dealing with international business ventures.

Businesses that use Netevia, which was launched in February 2018, can accept over 100 cashless payment methods in nearly two dozen currencies. Net Element is well positioned in 2018 following a $7.55 million institutional investment to support growth and the launch of a business unit focused on blockchain technology solutions that will empower users to create decentralized, customized payment products, accept cryptocurrency in a multi-channel environment without having to pay high fees, develop loyalty programs and more (http://nnw.fm/N3aYc).

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

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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

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