Archive for September, 2018
- Pacific Software begins development of blockchain-based B2B/B2C e-commerce platform
- Product tracking from farm to fare
- System will gather data from devices linked to Internet of Things
With the development of its blockchain ecommerce trade platform, Pacific Software, Inc. (OTC: PFSF) offers the prospect of supply chains with a level of transparency and integrity that is sorely lacking in current systems. By its immutability, which makes it impossible to game, and its capacity to track products, the technology will identify origins; speed up the removal of contaminated food in agricultural channels; and flag fraud. Undertaken using IBM’s Hyperledger Blockchain ‘Backend as a Service’ (BaaS) infrastructure, the PFSF platform will have the capability to record, store and track digital product information, such as farm origination details, batch numbers, factory and processing data, expiration dates, storage temperatures and shipping details. In addition, PFSF is working to incorporate data from devices, such as barcode and RFID readers, connected to the internet. By linking to the ‘Internet of Things’, the PFSF platform will make complex supply chains safer and a great deal more manageable.
Managed by the Linux Foundation, the Hyperledger Project is an undertaking meant to facilitate collaboration among developers aiming to apply the blockchain concept to transactional markets other than cryptocurrencies. The initiative was launched in 2015 with 30 participants. By the middle of this year, 235 organizations had joined. They represent a range of industries, including aeronautics, credit card services, finance, health care, manufacturing and logistics.
The Hyperledger technology offers a number of advantages. Its consensus algorithm is Practical Byzantine Fault Tolerance (PBFT), not the Proof-of-Work (PoW) widely employed by cryptocurrencies. This eliminates the need for the large amounts of power needed to solve cryptographic hash functions and also reduces the time it takes for transactions to be validated, to seconds. In contrast, a transaction with bitcoin, which uses PoW, will only be confirmed after 10 minutes. Hyperledger also allows permissioned systems to be built, which increases the privacy and security of the network. In a permissioned blockchain, an issuing authority grants identities to transactors on the network and assigns the appropriate level of access. The permissioned network can provide privacy by granting different levels of access and provide accountability with a record of all the transactions for an identity. This differs from the bitcoin network, which is publicly accessible.
Initially, PFSF’s ecommerce platform will focus on the agricultural supply chain between Brazil and China. PFSF’s Agri-Blockchain platform will improve transparency and trust with regard to origin, product quality, product safety and other factors. Additionally, in the event of food contamination, the technology will allow the exact source of the failure to be traced, reducing costs tremendously.
The drug supply chain is another system set to benefit from the PFSF platform, particularly as it relates to preventing or reducing the diversion of opioids fueling the present epidemic. The scourge of opioid addiction continues to plague the nation. A 2017 study by the non-profit Altarum (http://ccw.fm/7jMTE) estimates that, since the turn of the century, “the opioid epidemic has cost the U.S. more than a trillion dollars… and may exceed another $500 billion over the next three years.” The main components of economic activity are affected, placing a drag on economic growth. Reduced productivity is lowering business investment; earnings lost from illness and absenteeism are decreasing consumption expenditure; and shrinking tax revenues are curtailing government expenditure. The toll on human lives is equally costly. In the U.S., overdose deaths now run at a rate of roughly five persons per hour.
However, PFSF’s Hyperledger system may turn the tide, since it is a sophisticated method of recordkeeping. There is hope that better bookkeeping, which is possible with blockchain systems, may augment efforts to rein in drug abuse by identifying drug diversion and the bad actors (medical professionals and patients) responsible for it. The present system is flawed in several ways. It allows “double doctoring,” for instance, which occurs when a patient takes out more than one prescription from many physicians. This problem is compounded since tracking prescriptions is typically done on a state-by-state basis, and the silo nature of these systems can be easily exploited by patients who travel across state lines to repeat prescriptions.
Hyperledger Blockchain from Pacific Software may stop this corruption and chicanery. By tracking drugs from production to final use, the system will identify “pill mills” that over-prescribe painkillers or patients who “doctor shop” for extra prescriptions. The platform will be able to detect exactly where the opioids are sidetracked for abuse or illegal use. Moreover, it can overcome the lack of communicability between silo systems. Generally, blockchain has the capability to interconnect systems that don’t readily speak to each other, so several entities – state regulators, manufacturers, pharmacies – could potentially be on the same system. And, of course, unlike traditional databases, blockchains are immutable, i.e., records cannot be changed unless consensus is agreed by a majority of members. Also, a blockchain built to track pharmaceuticals would, very likely, be “permissioned” and accessible only by manufacturers, health care professionals and regulators.
Pacific met recently with representatives from the African Chamber of Commerce and is in the process now of developing a partnership with them for building trade with struggling African countries. This will include helping in areas where, for example, people are selling into counterfeit drugs and medications. Blockchain is already at work in the health care industry. Humanity.co has launched its My31 Mobile App, incorporating the IBM Blockchain design, which is designed to help users manage their health data (http://ccw.fm/PBk1S).
In August, Pacific Software announced that it had signed a definitive agreement to begin construction of its proprietary e-commerce trade platform (http://ccw.fm/b9VKT). The accord gives Cobalt 47 Technologies Ltd., a spin-off of KBQuest Group, the greenlight to begin construction of the multi-lingual e-commerce B2B and B2C trade platform. The platform is expected to be in production by November 2018 and will integrate blockchain technology solutions.
KBQuest Group, Inc. is the leading Microsoft distributor in China and was named “Microsoft SQL Partner of the Year 2017.” Its founder and chairman, Dr. Wang-Chan Wong, advises Pacific Software on technical issues.
For more information, visit the company’s website at www.PacificSoftwareInc.com
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- Institute of Food Technologists meeting draws 20,000 participants in food industry, academia and policymaking – IFT is the world’s largest annual meeting of the food industry
- Researchers discussed using Pressure BioSciences’ laboratory tools in innovative projects
- The company’s current high pressure instruments can be used in studies whose results could help scientists better understand and kill food-borne pathogens, such as E. coli, Listeria, and Salmonella
- The company’s future Ultra Shear Technology could result in safer, better-tasting, longer shelf-life and chemical-free food products
Pressure BioSciences Inc.’s (OTCQB: PBIO) high pressure instruments, processing methods and platform technologies were prominently featured at the recent annual meeting of the Institute of Food Technologists (IFT) in Chicago, Illinois. IFT is the world’s largest annual meeting of food industry professionals. Both in scheduled sessions and in the company’s exhibit booth, attendees at IFT2018 were able to hear of groundbreaking progress the company has made in the continuing development of its Ultra Shear Technology (UST) platform. In particular, attendees learned of PBI’s collaborative program with the Ohio State University’s College of Food, Agricultural, and Environmental Sciences, a program funded by the U.S. Department of Agriculture (http://nnw.fm/14yqP).
The IFT’s annual meeting, which drew over 20,000 attendees worldwide from across the food industry, academia and government, is the industry’s largest annual event. The IFT seeks to provide a forum where industry professionals, academics and government representatives can work together to leverage their technical knowledge into applications that will benefit the wider population, particularly in food safety.
Dr. Aliyar Fouladkhah, director of the Public Health Microbiology Laboratory at Tennessee State University (TSU), spoke at the event about his team’s research into developing ways to eliminate pathogens from food. Of interest in this field is the development of a commercially viable way to make food safer with longer shelf-life and with no added chemicals, while retaining its taste, smell, texture, and quality.
In a news release, Fouladkhah said, “I was the co-chair of a special session on the adoption and validation of high pressure-based technologies by the food industry at the recent IFT annual meeting. My research group presented on the effects of high hydrostatic pressure on the inactivation of foodborne pathogens of major public health concern, such as E. coli, Salmonella, Cronobacter, and Listeria. We believe the data we presented, much of it generated with PBI’s high pressure-based instruments, will assist food safety researchers and stakeholders worldwide as they consider the use of pressure-based interventions for their microbiological studies.”
Fouladkhah also voiced confidence that the food science community will require and embrace a continued flow of next-generation equipment, technologies and methods for years to come, and that Pressure BioSciences’ Ultra Shear Technology platform may be one such technology. Currently in development, UST is expected to greatly benefit the food and many other industries, as it is designed to inactivate the most resistant pathogenic organisms in food matrix, resulting in safer and more stable products, Fouladkhah noted.
Pressure BioSciences’ President and CEO Richard T. Schumacher added that his company achieved a number of key goals at the IFT conference. “Our assessment was that IFT 2018 was a highly successful meeting for PBI,” he said in a news release. “Related to our first major goal, we came back from the meeting with a list of food science researchers interested in learning more about how our products could better enable their research programs. Related to our second major goal, we had the opportunity to discuss the power and potential of the UST platform with Key Opinion Leaders in industry, government, and academia worldwide. We learned a lot, met many important and knowledgeable leaders and food industry stakeholders, and had the opportunity to deeply examine current competitive technology platforms.”
Schumacher continued, “Based on what we learned, we made several very important decisions concerning the opportunity for and future path of our UST Program. As our action path unfolds, further highlights of these decisions will be made public over the coming weeks.”
For more information, visit the company’s website at www.PressureBioSciences.com
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- Net Element subsidiary Netevia processed $1.62 billion in transactions during first half of 2018, with $1.4 billion occurring in North America
- Company’s PayOnline subsidiary part of reorganization involving international business, mobile payments solutions
- Net revenues rose 15 percent during the first half of the year, with gross profits expected to rise another $6.5 million during the next four years
Payment processing technology company Net Element, Inc. (NASDAQ: NETE) is seeing rising revenues from its North American market and is weighing options for monetizing mobile operations on a global scale through its agent contracts, while additional value-added efforts have branded it a company that continues to identify growth initiatives with independent equity research firm SeeThruEquity (http://nnw.fm/jmMJ1).
An edited transcript of Net Element’s August 15 earnings conference call released recently (http://nnw.fm/zKx3a) notes the dominance of domestic transactions in the company’s revenue report amid anticipated declines in the global payment solutions’ international arena of operations due to the elimination of branded content business as Net Element takes an opportunity to reorganize its international business and join its mobile payments operations with multi-channel subsidiary PayOnline.
The company’s North American Transaction Solutions segment saw net revenue growth over the prior year, according to the earnings report, with a six percent increase for the second quarter and a 15 percent increase for the six-month period. The United States accounted for 88 percent of the quarter’s total revenues, and 87 percent of the six-month total.
A solid sign of the success of Net Element’s Netevia processing platform is that the value of the financial transactions that the company processed grew from $1.18 billion in the first half of 2017 to $1.62 billion in the comparable period of 2018, with $1.4 billion of that amount occurring in North America. The number of transactions processed by the company grew from 35.7 million to 50.2 million.
Net Element’s expertise lies in providing multiple payment channel options to small and medium-sized businesses and their customers while adapting its platform to the particular needs of brick and mortar, unbanked and web-based businesses trying to get optimal results from their revenue streams.
Netevia employs single-use credit card numbers for electronic transactions as a means of combatting fraud when its customers share card information across the internet in e-commerce, for example. The company’s mobile Unified Payments subsidiary is helping smaller-sized businesses combat onerous card transaction fees by employing a subscription model that reduces many of the complications associated with services that aren’t fully responsive to the end user.
“Utilizing a transparent subscription-based pricing model combined with the latest technology solutions, Payment Club can provide positive options to frustrated merchants and streamline their payment processes,” Payment Club President Anthony Kutscher stated in a news release (http://nnw.fm/8DDy9).
CEO Oleg Firer told participants in last month’s conference call that the company is also on track to launch services such as blockchain technology solutions that have been in the works.
“Combined, these strategic initiatives are expected to add over $6.5 million in gross profit over the next 4 years. We’re on track to deliver another year of growth and financial improvement and are pleased with our results as we continue to focus on long-term growth plans,” he said.
For more information, visit the company’s website at www.NetElement.com
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NAPANEE, Ontario, Sept. 28, 2018– VIVO Cannabis Inc. (TSXV: VIVO, OTCQX: VVCIF) (“VIVO” or the “Company”) is pleased to announce that it has signed a multi-year agreement with national cannabis distributor, Green Hedge Education & Distribution Services Ltd. (“Green Hedge”).
Green Hedge will be VIVO’s Canadian sales and distribution partner, providing full coverage to licensed cannabis wholesalers and retailers across Canada.
“After a disciplined selection process, VIVO is thrilled to partner with Green Hedge, a results-driven recreational cannabis distribution team, to represent our key brands, including FIRESIDE™, Lumina™ and Canna Farms™,” commented Barry Fishman, CEO of VIVO.
Green Hedge is led by Andrew von Teichman, an industry-recognized sales and marketing entrepreneur. Mr. von Teichman’s experience includes founding Von Terra Enterprises Ltd, a manufacturer’s representation agency, that has earned six LCBO partnership awards. His previous experience includes three years as the Ontario region sales lead at Constellation Brands and being the co-owner of a Canadian winery.
“We are excited to enter the adult-use, recreational cannabis market as a first-mover, providing VIVO with a socially responsible, national distribution solution that we believe will provide a competitive advantage when recreational cannabis is legalized on October 17, 2018,” said Mr. von Teichman, CEO of Green Hedge.
About VIVO Cannabis™
VIVO, based in Napanee, Ontario, is recognized for trusted, high-quality products and services. It holds production and sales licences from Health Canada and operates world-class indoor cultivation facilities with proprietary plant-growing technology. VIVO has a collection of premium brands targeting unique customer segments, including Beacon Medical™, FIRESIDE™, Canna Farms™ and Lumina™. In August 2018, VIVO acquired Canna Farms Limited, a premium cannabis company based in Hope, British Columbia. Canna Farms was B.C.’s first Licensed Producer and has many years of craft cultivation experience and expertise, as well as a significant patient base and positive cash flow. VIVO is significantly expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, including Germany and Australia. In addition, VIVO also operates Harvest Medicine, a patient-centric and highly scalable network of specialty medical cannabis clinics. Harvest Medicine provides best-in-class education and support to over 15,000 patients in its clinics and via its free telemedicine platform. VIVO has a healthy balance sheet with over $100 million in cash and is well-positioned to accelerate the growth of its business, in Canada and internationally.
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 Statements
This news release contains forward-looking statements, including statements regarding Green Hedge’s results driven recreational cannabis distribution team and the competitive advantage that they will provide VIVO when recreational cannabis is legalized on October 17. The forward-looking statements contained in this news release are based on certain assumptions and involve known and unknown risks and uncertainties and other factors that could cause actual events to differ materially from current assumptions and expectations, including that Green Hedge’s team may not achieve the results that they have been able to achieve in the past; that they may not confer upon VIVO any competitive advantage; and other factors beyond the Company’s control. The forward-looking statements contained in this news release should not be read as guarantees of future performance or results. 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 and other continuous disclosure filings, which are available on SEDAR at www.sedar.com. Readers are cautioned not to place undue reliance on these 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.
More Information
Barry Fishman, CEO:
barry.fishman@vivocannabis.com
Michael Bumby, CFO:
michael.bumby@vivocannabis.com
Website:
vivocannabis.com
NAPANEE, Ontario, Sept. 27, 2018 — VIVO Cannabis Inc. (TSX-V: VIVO; OTCQX: VVCIF) (“VIVO” or the “Company”) is pleased to announce that is has qualified to trade on the OTCQX® Best Market. VIVO upgraded to OTCQX from the OTCQB® Venture Market.
VIVO begins trading today on OTCQX under the symbol “VVCIF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
“Our decision to move to the OTCQX® Best Market reflects the building interest in our story and will allow us to increase our exposure to the investment community, both in Canada and internationally,” stated Barry Fishman, CEO of VIVO. “We are excited to increase liquidity and transparency for our shareholders through an established and respected platform.”
“Congratulations to VIVO Cannabis on upgrading to the OTCQX Best Market,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. “VIVO joins more than 28 companies this year that have utilized the OTCQB Venture Market to build visibility and graduate to the OTCQX Best Market. We look forward to continuing to support the Company and its investors.”
VIVO was sponsored for OTCQX by J.P. Galda & Co., a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.
About VIVO Cannabis™
VIVO, based in Napanee, Ontario, is recognized for trusted, high-quality products and services. It holds production and sales licences from Health Canada and operates world-class indoor cultivation facilities with proprietary plant-growing technology. VIVO has a collection of premium brands targeting unique customer segments, including Beacon Medical™, FIRESIDE™, Canna Farms™ and Lumina™. In August 2018, VIVO acquired Canna Farms Limited, a premium cannabis company based in Hope, British Columbia. Canna Farms was B.C.’s first Licensed Producer and has many years of craft cultivation experience and expertise, as well as a significant patient base and positive cash flow. VIVO is significantly expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, including Germany and Australia. In addition, VIVO also operates Harvest Medicine, a patient-centric and highly scalable network of specialty medical cannabis clinics. Harvest Medicine provides best-in-class education and support to over 15,000 patients in its clinics and via its free telemedicine platform. VIVO has a healthy balance sheet with over $100 million in cash and is well-positioned to accelerate the growth of its business, in Canada and internationally.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, the company connects a diverse network of broker-dealers that provide liquidity and execution services. OTC Markets Group enables investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how OTC Markets Group creates better informed and more efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
More Information about VIVO
Website: |
vivocannabis.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 Statements
This news release contains forward-looking statements, including statements regarding VIVO’s upgrade to OTCQX® Best Markets and the potential benefits that will result, including increased exposure for VIVO and transparency and liquidity for its investors. The forward-looking statements in this release are based on certain assumptions and involve 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 upgrade may not produce the desired results; regulations regarding cannabis may change without notice, particularly in the United States; and other factors beyond the Company’s control. The forward-looking statements contained in this news release should not be read as guarantees of future performance or results. 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 and other continuous disclosure filings, which are available on SEDAR at www.sedar.com. Readers are cautioned not to place undue reliance on these 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.
Barry Fishman, CEO: barry.fishman@vivocannabis.com
Michael Bumby, CFO: michael.bumby@vivocannabis.com
- A syndicate of underwriters is to purchase 3.8 million units at C$5.27 per unit
- Sale terms are an amendment of previously announced agreement to sell 1.9 million units
- Sunniva is closer to achieving full vertical integration in California with launch of Sunniva-branded product lines commencing in Q4 2018
Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF), a vertically-integrated medical cannabis provider, aims to raise C$20 million through the sale of units of the company to a syndicate of underwriters spearheaded by Beacon Securities Limited and Canaccord Genuity Corp., according to a company press release (http://nnw.fm/q1sZw).
Sunniva announced that the syndicate will purchase 3.8 million units priced at C$5.27 per unit, an amendment of the previously publicized agreement which said that the syndicate was to buy 1.9 million units. Subject to the approval of the Canadian Securities Exchange, the closing date of the deal will be October 10. The funds realized from the sale will go toward working capital, among other corporate expenses.
Sunniva recently released its second quarter results, at which time the company’s management said that they looked forward to future revenue opportunities (http://nnw.fm/s5F2d). In a news release, CEO Dr. Anthony Holler said, “We made great progress in Q2 2018 towards our goal of becoming a truly vertically integrated cannabis company in the U.S. In California, construction progressed at our phase one 325,000 square foot state-of-the-art Sunniva California Campus with completion targeted by the end of this year and first harvest expected in Q1 2019. Our extraction facility began generating revenue this quarter. We continue to secure new contracts and are excited about the future revenue opportunities in this and other vertical channels that maximize the synergies with our Vapor Connoisseur device business.”
In the six months up to June 2018, Sunniva’s total revenue amounted to C$9.6 million, against a net loss of C$11.2 million, compared to a C$11.7 million loss in the same period last year.
Speaking of the company’s immediate future plans, Dr. Holler said that its focus in California and the U.S. is to leverage its cultivation and extraction facilities and aggressively expand upstream distribution and retail opportunities to achieve full vertical integration from seed to sale, “which will include a focus on soon launching Sunniva branded product lines in various product categories including flower, extracted products, vaporizers and beverages.”
The first half of the year saw Sunniva entering separate agreements to provide distilled oil products to two leading California brands. Sunniva’s subsidiary, CP Logistics, has a deal with Farmacy Phactory, a producer of high-terpene strains of cannabis. CP Logistics will also produce distilled oil products for Cali Gold.
Sunniva has experienced significant expansion over the last year, including beginning construction of a new 759,000 square foot facility in Okanagan Falls, Canada, and opening a new clinic in its Natural Health Services referral network of cannabis-related clinics.
Dr. Holler continued, “In Canada, we received our Confirmation of Readiness letter for a license from Health Canada and broke ground and commenced construction on the 759,000 square foot Sunniva Canada Campus in Okanagan Falls, British Columbia. Our Natural Health Services’ clinics reported another strong quarter of revenue generation and together with the future production from the Sunniva Canada Campus, provide a solid foundation for future Canadian growth opportunities.”
For more information, visit the company’s website at www.sunniva.com
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A recent study which was published in the Journal of American Medical Association (JAMA) Pediatrics Edition has revealed that almost one in 11 American teenagers uses an electronic cigarette to consume cannabis.
The findings stem from a survey which was conducted in 2016. Over 2,000 middle and high school teens participated in the study.
That proportion of kids who vape marijuana translates to approximately two million teens across the U.S. A similar study conducted by the University of Michigan had similar findings more than a month ago.
The CDC survey found that more boys than girls were likely to consume marijuana using an electronic nicotine delivery system (ENDS) or e-cigarette. Teenage vape rates of marijuana were also higher among middle and high schoolers who stayed with an adult that used an electronic cigarette.
The number of heavy vapers who consumed cannabis using an electronic cigarette stood at almost 64 percent, as compared to 33 percent who didn’t vape on a regular basis. Frequency of e-cig use seems to increase the likelihood of consuming other substances using the ENDS devices.
The study also discovered that nearly 39 percent of all students who used other tobacco products also used an e-cigarette to vaporize cannabis. In contrast, about five percent of students who didn’t use other tobacco products vaporized cannabis. This statistic shows that the use of tobacco products may predispose a teen to vaping marijuana.
The use of marijuana in electronic cigarettes causes a lot of concern, because marijuana is known to affect memory and learning in later years.
The head of the Food and Drug Administration, Scott Gottlieb, expressed the determination of his agency to end the growing trend of teenagers vaping. To that end, several manufacturers of popular electronic cigarettes, such as Juul, were given two months within which to prove to the regulators that those manufacturers were doing everything they can to stop underage access to their products. Companies that don’t comply would be shuttered, he warned.
Juul is especially notable, because the product has gained huge traction among students, probably because of its sleek design that makes the device easy to conceal.
The findings of this study create an urgency for steps to be taken to prevent minors from consuming tobacco and other potentially addictive substances. It may be necessary for the regulators to consider other means, since their current efforts don’t appear to be having the desired effects. Companies, such as Pacific Software, Inc. (OTC: PFSF) and The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), must be paying attention to these studies, since they could affect how any product that they bring to the market will be scrutinized.
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- The new HUB880 Explorer ultra-high pressure based system will be used by research laboratories worldwide in food-borne pathogen research to potentially maximize food safety
- Pressure BioSciences has sold a second system to Tennessee State University’s Public Health Microbiology Laboratory
- The development of laboratory-scale high pressure research instruments is one of the major product areas upon which the company is focusing, the other being its novel Ultra Shear Technology (UST) platform
- UST, the centerpiece of the company’s recently announced, USDA-funded ($891,000) development program with The Ohio State University, is a scalable food processing method with the potential to make healthy, nutritious, great tasting beverages and liquid foods with extended shelf-lives without requiring chemical additives
- Feedback from early users of the HUB880 Explorer are expected to help guide the development of the company’s first UST commercial instrument
Pressure BioSciences Inc. (OTCQB: PBIO) announced recently the sale of the first two instruments from its newest line of high-pressure instrument systems. The HUB880 Explorer is a high-pressure based system that will enable public health, microbiology, food science, agriculture and other research scientists to study the manner in which pressure can kill food pathogens.
The first customer of the new system is a leading Japanese research institute that’s conducting trials in the fields of food and agricultural development. The aim is to maximize safety while also reducing production costs. The Japanese researchers will rely on the HUB880 Explorer to study the effects of high pressure on food manufacturing and the destruction of food-borne pathogens during the process, according to a company press release (http://nnw.fm/lF3bE).
Pressure BioSciences Vice President of Marketing and Sales Dr. Nate Lawrence revealed that the second customer is the Public Health Microbiology Laboratory at Tennessee State University. The laboratory will use the newly-released pressure instrument to acquire a better understanding of enteric pathogens, such as E. coli, salmonella and listeria.
Every year, foodborne pathogens like the ones mentioned above contribute to 420,000 deaths worldwide. They also cause the cumulative loss of 33 million years of healthy living on an annual basis, according to the Public Health Microbiology Laboratory.
The Public Health Microbiology Laboratory has been relying on Pressure BioSciences’ pressure-based instruments for years, which has enabled the publication of multiple scientific articles on food quality, as well as safety and handling of foodborne pathogens. According to Dr. Lawrence, these publications have been well-received in the scientific community.
Through the use of the new HUB880 Explorer, researchers will become capable of reaching higher pressure levels and working with larger sample sizes. This way, the manner in which pathogens contribute to spoilage and safety hazards will be studied more thoroughly. Because of this enhancement, the HUB880 Explorer could potentially lead to higher revenue levels in the foreseeable future, Dr. Lawrence noted.
Pressure BioSciences President and CEO Richard T. Schumacher said that the company is concentrating its efforts in two fields – pressure-based research instruments for use in scientific research settings and the Ultra Shear Technology, which is a scalable food processing method. The aim of UST is to address the limitations of using standard high-pressure processing and other food processing technologies in the quest to develop a scalable, enabling food processing method that can result in safer, great tasting, longer shelf-life, clean label (no chemical additives) food.
The Ultra Shear Technology combines high-pressure with intense shear forces while simultaneously limiting the exposure to high temperature. Recently, an $891,000 grant was awarded to Ohio State University for the development of the technological platform in collaboration with Pressure BioSciences. A significant portion of the funds will be allocated to the design, development and manufacturing of two prototype instruments (a bench-top and a floor model). According to Schumacher, the company believes that once the prototype instruments have been made, UST processing will result in the ability to process beverages and liquid foods that will have excellent taste and extended shelf life, but will not require chemical additives.
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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- Search engine features focused on cannabis commerce
- “Business media” platform that makes networking easier
- One-stop shop for both consumers and commercial operators
There’s a good chance that, very soon, someone who wants information on cannabis commerce will “NUG-L” with an application developed by NUGL Inc. (OTC: NUGL), in much the same way that they “Google” a topic. The tech company, located in Chino Hills, California, is aiming to become a leader in fostering communication and business relations in the cannabis space. To do so, it has developed a distinct platform that is part Google, part LinkedIn, which will allows users to not only find information on products, services and much more related to cannabis, but also facilitate networking and alliances between brands and service providers. NUGL’s leading edge, first-of-its-kind search app and online directory for the marijuana industry may soon be a one-stop shop for dispensaries, hydro stores, vape shops, brands and strains, as well as doctors, lawyers and other service professionals.
As Technical Engineer CJ Melone of NUGL explained in a recent interview (http://nnw.fm/K0jS9), “We basically built an application that addresses every type of business in the 420 sector… and the businesses range from services, such as a CPA, a real estate agent… we cover all the storefronts, such as dispensaries and hydro stores, and we really are focusing on brands. And a brand could range from a vape pen coming out or a certain strain of marijuana, and what we’re seeing is that as the industry is becoming more sophisticated and it’s evolving, people and users are looking for that level of sophistication. They don’t want to just find marijuana or a store that sells it, they want to find a certain strain or brand of marijuana, and it’s just a natural step in evolution.”
“So we built profiles that address all these types of companies and it’s good, because it gives brands and services the ability to network ‘on the back end’, and a brand could start setting up distribution, and start making connections with dispensaries; a type of nutrient could start making connections with hydro stores or grow houses; and services can start making connections to people that need it. And what’s even more important is that this is a ‘value-add’ to the user, since they can find more things online and in a more detailed way, so it’s a win-win on both sides,” he continued.
The “profiles” are a feature that is proving to be especially favored. The wealth of information a profile provides “almost alleviates the need for a company to have a web site.” They will undoubtedly play an important role as dispensaries and other cannabis retail establishments search for suppliers and service providers. Indeed, this B2B capability of the application gives NUGL a unique position in the cannabis sector, making the company not simply a search platform but a “business media” portal. NUGL expects that as businesses and professionals become more familiar with the platform, this B2B characteristic will take on increasing importance. It is presently engaging in a variety of educational outreaches to teach the community how to use the back end of the software.
The company continues to enhance the application – it is rolling out new features every week – based on feedback received from the ecosystem of cannabis businesses, service providers and consumers, and it expects to start charging for some services in the very near future.
“We are going to start monetizing soon,” explained Melone. “You know software is a funny thing. Sometimes it’s better to start charging 5 million eyeballs later, than 500 hundred eyeballs today… We are getting into the market very methodically. We are gaining users and brands. We are putting together some strategic alliances. It’s going good. We are growing every day. We are not trying to do things on a whim. We are in this for the long haul.”
For more information, visit the company’s website at http://nnw.fm/NUGL
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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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CannabisNewsWire Editorial Coverage: With Canada legalizing cannabis nationwide in October and the 2018 U.S. Farm Bill completely removing hemp from the DEA’s controlled substances list, the stage has been set for an explosion of products ranging from functional foods and supplements to CBD-based (cannabidiol) biopharma indications.
- U.S. farm bill legalizing hemp could make CBD an open-pit gold mine.
- List of demonstrable CBD health benefits growing daily.
- CBD growth may outpace entire cannabis market combined.
Even before the landmark inclusion of the Hemp Farming Act of 2018 in this year’s Farm Bill, plant-based nutrition experts at leading omni-direct lifestyle company Youngevity International, Inc. (NASDAQ: YGYI) (YGYI Profile) had begun marching the team towards the development of a full line of proprietary hemp-derived CBD oil products. And while the identified health benefits of CBD ranging from reducing inflammation to managing pain and anxiety haven’t entirely been proven yet, one need look no further for foundational evidence of such benefits than the success of GW Pharmaceuticals Plc’s (NASDAQ: GWPH) FDA-approved oral solution EPIDIOLEX, which is used to treat severe seizures associated with extreme forms of epilepsy. Pharma-grade medical cannabis producer Aphria, Inc. (OTC: APHQF) (TSX: APH) already has a wide selection of carefully engineered medical cannabis and CBD oil products made from 100 percent greenhouse grown strains. Cara Therapeutics, Inc. (NASDAQ: CARA) is another company that stands to benefit from easing regulations in North America. And as a principal investment firm dedicated to cultivating medical marijuana companies, Cronos Group, Inc. (NASDAQ: CRON) surely understands the potential of the space.
Cannabis Market Booming Amid Deregulation
Canada moving to fully legalize recreational marijuana across the country is a watershed event for the cannabis industry. This event will help to normalize the presence of cannabis-based medicines in the broader market, paving the way for even more widespread research into the non-psychoactive cannabinoid CBD. With more than 37 million people in North America already consuming cannabis in one form or another, even the lofty projections by Amadee & Company of a market worth over $95 billion by 2026 may be entirely possible.
After more than eight decades of prohibition, cannabis is rapidly heading towards decriminalization across the global marketplace. The latest projections from established cannabis sector analysts at Arcview Market Research and BDS Analytics indicate that the North American cannabis market will go from just $9.2 billion last year to $47.3 billion within a decade (17.79 percent CAGR), even as the global market surpasses a whopping $57 billion.
The hemp-CBD segment is set to grow at an even faster pace according to Brightfield Group, hitting upwards of $22 billion by 2022, outpacing the rest of the cannabis market combined. Hemp Business Journal estimates for the underlying hemp market, which grew 16 percent last year in the United States alone to around $820 million, are similarly encouraging, projecting the market to grow around 700 percent by 2020.
And when it comes to regulating the human body’s complex endocannabinoid receptor systems, the upper limits of the pharmaceutical value of CBD — and other phytocannabinoids such as THC — may have not yet been fully validated by clinical studies. Such studies have been and are being done.
Consumers definitely seem to have got the message about CBD and are already enjoying access to this organic compound in an increasing variety of formats. According to Cannabis Trades Association UK official data, cannabis oil users across the UK doubled last year. Given stats like that, it is little wonder that the latest numbers out of Technavio on the global CBD space project a 39.19 percent CAGR through 2021.
Established Supplement Purveyor with Scale, Presence and Reach
To many investors, the burgeoning CBD market is a natural play for a company such as Youngevity International, Inc. (NASDAQ: YGYI), a multivertical lifestyle brand that provides a wide variety of consumer goods to people all over the world via direct selling, e-commerce and social selling. In many circles, the name Youngevity is synonymous with plant-based nutrition, and as Youngevity CEO Steve Wallach recently put it during the launch of YGYI’s new proprietary HempFX™ line of hemp-derived CBD oil products, “CBD oil perfectly complements” Youngevity’s product development philosophy.
Already known to consumers around the globe for its broad array of nutritional and healthy lifestyle products formulated using ingredients of the highest quality in state-of-the-art laboratories, Youngevity has garnered increasing prominence with the success of its wholly owned subsidiary CLR Roasters’ various gourmet boutique coffee blends. CLR Roasters is produced by a vertically integrated “farm-to-cup” pipeline stretching from the company’s fully licensed fields in Nicaragua, through a state-of-the-art roasting facility in Miami and ending up in consumer’s coffee cups all over the world. YGYI completes the last mile via direct selling, as well as extensive distribution in the cruise line industry and through a variety of private labels that the company produces for major national chains.
As Goes Coffee, So Goes Cannabis
Just to showcase the kind of scale and sophistication of the company’s closed-loop approach to delivering premium organic coffees, it is worth noting how the company recently secured a five-year contract to sell and process more than 41 million pounds per year. This was a huge deal for the full-sized coffee roaster, executed with a purchaser that has more than seven decades in the business and is a major coffee importer and exporter for some of the biggest brands in the industry today.
It is this same kind of full-spectrum approach to cultivation, production and distribution (emphasizing tight quality control as the main objective) that the company is now bringing to the hemp-based CBD business with its “field-to-finish” strategy. The HempFX line of three initial products was described as “just the beginning” when it comes to Youngevity’s move into CBD, during a recent interview with Wallach and Youngevity president and CFO Dave Briskie.
HempFX products currently include a topical muscle restoration and relief product packed with antioxidant rich botanicals called Soothe™, a mood and cognitive performance enhancement product with St. John’s Wort called Uplift™, and a sleep aid called Relax™ that contains melatonin and other relaxing herbs including chamomile and valerian root. Youngevity anticipates emergent revenue opportunities across the vertical as it implements a model similar to what the company has done in coffee. Wallach was keen to point out during the HempFX launch that this process would offer “tremendous advantage” to the company’s many distributors around the world.
Youngevity’s management anticipates that hemp-based CBD will become one of the fastest growing and largest supplemental ingredients moving forward, and the company is not alone in recognizing just how far the CBD market has yet to go.
CBD Market Solid Move for Future Success
GW Pharmaceuticals Plc (NASDAQ: GWPH) has been posting solid price performance since the company’s announcement in late June that the FDA approved its CBD-based oral indication Epidiolex for two forms of severe childhood epilepsy. According to the latest quarterly report, GWPH and its U.S. subsidiary Greenwich Biosciences are primed for commercial success, with a fully recruited sales organization and active engagement via clinical presentations to plans which cover more than 80 percent of the U.S. market.
Aphria, Inc. (OTC: APHQF) (TSX: APH) is gearing up for Canadian legalization big time, signing supply agreements with official distributors throughout all ten provinces and one territory this month to provide high-quality, branded cannabis for the adult-use market. Aphria also recently announced a key MOU with Canadian biotech Rapid Dose Therapeutics, the developer of the oral, fast-dissolving drug delivery system QuickStrip.
Cara Therapeutics, Inc. (NASDAQ: CARA) is a clinical-stage biotechnology company focused on developing new chemical entities designed to fundamentally change the way acute pain, chronic pain and pruritus (severe itching) are managed. Cara does this by developing new products that selectively target the body’s peripheral kappa opioid receptors. In the cannabis space, Cara has a cannabinoid receptor agonist, CR701, in preclinical development.
Cronos Group (NASDAQ: CRON) recently announced commencement of a joint medical cannabis study alongside Aleafia Health Inc., which will utilize Aleafia’s Canabo Medical Clinic network to investigate insomnia and daytime sleepiness. The primary goal of the study is to help develop nonaddicting and natural sleep aids that many consumers have been longing for, especially given more recently identified risks associated with prescription sleeping aids, such as worsening mental health and an increased prevalence of dementia. CBD and THC may become powerful tools in the fight against insomnia.
The End of Prohibition, Unprecedented Market Dynamics
It seems that consumers may have put legs under the market as the historic prohibition of the humble cannabis plant nears an end. A plant that turns out to be packed with phytocannabinoids and that may help naturally regulate a vast cell receptor network throughout numerous tissue systems in the human body seems poised to fuel an industry with untold possibilities.
For more information on Marijuana Company of America, visit Youngevity International, Inc. (NASDAQ: YGYI)
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CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
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- Directors Yaqing Hu and Hui Zhu have stepped down for personal reasons
- Hongxiang Yu named chairman of the audit committee
- Yilei Shao appointed chair of the compensation committee
TMSR Holding Company Limited (NASDAQ: TMSR), a company that through its subsidiaries develops, produces and sells patented industrial and mining waste management solutions, has announced changes in the membership of its board of directors. Two directors, Yaqing Hu and Hui Zhu, have resigned from their roles on the board due to personal reasons. Their resignations took effect at the end of August, according to a company news release (http://nnw.fm/iJHr6).
Stepping in to take their places will be Hongxiang Yu and Yilei Shao. The board appointed Yu as chairman of the audit committee, while Shao will serve as the chair of the compensation committee.
Yu has a strong track record of business leadership. He has served on the board of directors of American Lorain Corporation (NYSE: ALN), a food manufacturing company, and has held senior management positions with Hongrun Construction Group Co. Ltd., asset management and private equity investment firm Shanghai Highlights Asset Management Co. Ltd., and film investment company Tianjin Dragon Film Limited. Yu was educated at the University of Portsmouth in the United Kingdom, where he received a bachelor’s in international trade and a master’s in international human resources management.
Shao has been nominated to serve on the board of American Lorain Corporation. She is the founder and chief executive officer of Shanghai Jianshi Management Consulting Limited and worked for five years in New York as vice president of Goldman Sachs’ Credit Derivatives Department. Her educational background is in computer science, with a bachelor’s degree from Shanghai Jiao Tong University and a doctorate from Princeton University.
Paying tribute to the departing board members, TMSR Chairwoman Jiazhen Li said, “We’d like to thank Zhu and Hu for their leadership, guidance and dedication to TMSR while serving as members of the Board. We are also very delighted that Yu and Shao have agreed to join our Board and look forward to their expertise and insights in helping further strengthen our Board.”
TMSR, through its subsidiaries Shengrong Environmental and Wuhan HOST Coating Materials, is involved in the development, production and sale of industrial waste management systems and solutions. The company holds two international U.S. patents and six patents issued by the People’s Republic of China, including three invention patents and three utility model patents. Using these technologies, Shengrong Environmental recycles solid waste from a number of industries in the People’s Republic of China, extracting usable materials in processes that do not release dangerous chemical discharge.
TMSR’s technology allows the extraction and recycling of usable material from aluminum slag, red mud manganese tailings, copper mine tailings and iron mine tailings. In addition to its involvement in industrial and mining waste processing and recycling, TMSR also trades in iron ore and operates wine import and resale services.
For more information, visit the company’s website at www.TMSRHolding.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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Sunniva’s (CSE: SNN) (OTCQX: SNNVF) is moving closer to its key strategy in becoming a fully integrated cannabis company. CEO Dr. Anthony Holler reviews the company’s developments over the past six months in a recent article, which indicates, “We made great progress in Q2 2018 towards our goal of becoming a vertically integrated cannabis company in the U.S. In California, construction progressed at our phase one 325,000 square foot state-of-the-art Sunniva California Campus with completion targeted by the end of this year and first harvest expected in Q1 2019. Our extraction facility began generating revenue this quarter. We continue to secure new contracts and are excited about the future revenue opportunities in this and other vertical channels that maximize the synergies with our Full-Scale Distributors device business.”
To view the full article, visit: http://nnw.fm/Elu41
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 it is committed to delivering safe, high-quality products and services at scale and creating trusted Sunniva branded cannabis products. The company’s vision is to become one of the lowest cost, highest quality vertically integrated cannabis producers in the markets it serves 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, 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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- Pacific Software begins development of blockchain-based B2B/B2C e-commerce platform
- Product tracking from farm to fare
- System will gather data from devices linked to Internet of Things
With the development of its blockchain ecommerce trade platform, Pacific Software, Inc. (OTC: PFSF) offers the prospect of supply chains with a level of transparency and integrity that is sorely lacking in current systems. By its immutability, which makes it impossible to game, and its capacity to track products, the technology will identify origins; speed up the removal of contaminated food in agricultural channels; and flag fraud. Undertaken using IBM’s Hyperledger Blockchain ‘Backend as a Service’ (BaaS) infrastructure, the PFSF platform will have the capability to record, store and track digital product information, such as farm origination details, batch numbers, factory and processing data, expiration dates, storage temperatures and shipping details. In addition, PFSF is working to incorporate data from devices, such as barcode and RFID readers, connected to the internet. By linking to the ‘Internet of Things’, the PFSF platform will make complex supply chains safer and a great deal more manageable.
Managed by the Linux Foundation, the Hyperledger Project is an undertaking meant to facilitate collaboration among developers aiming to apply the blockchain concept to transactional markets other than cryptocurrencies. The initiative was launched in 2015 with 30 participants. By the middle of this year, 235 organizations had joined. They represent a range of industries, including aeronautics, credit card services, finance, health care, manufacturing and logistics.
The Hyperledger technology offers a number of advantages. Its consensus algorithm is Practical Byzantine Fault Tolerance (PBFT), not the Proof-of-Work (PoW) widely employed by cryptocurrencies. This eliminates the need for the large amounts of power needed to solve cryptographic hash functions and also reduces the time it takes for transactions to be validated, to seconds. In contrast, a transaction with bitcoin, which uses PoW, will only be confirmed after 10 minutes. Hyperledger also allows permissioned systems to be built, which increases the privacy and security of the network. In a permissioned blockchain, an issuing authority grants identities to transactors on the network and assigns the appropriate level of access. The permissioned network can provide privacy by granting different levels of access and provide accountability with a record of all the transactions for an identity. This differs from the bitcoin network, which is publicly accessible.
Initially, PFSF’s ecommerce platform will focus on the agricultural supply chain between Brazil and China. PFSF’s Agri-Blockchain platform will improve transparency and trust with regard to origin, product quality, product safety and other factors. Additionally, in the event of food contamination, the technology will allow the exact source of the failure to be traced, reducing costs tremendously.
The drug supply chain is another system set to benefit from the PFSF platform, particularly as it relates to preventing or reducing the diversion of opioids fueling the present epidemic. The scourge of opioid addiction continues to plague the nation. A 2017 study by the non-profit Altarum (http://nnw.fm/9N0nz) estimates that, since the turn of the century, “the opioid epidemic has cost the U.S. more than a trillion dollars… and may exceed another $500 billion over the next three years.” The main components of economic activity are affected, placing a drag on economic growth. Reduced productivity is lowering business investment; earnings lost from illness and absenteeism are decreasing consumption expenditure; and shrinking tax revenues are curtailing government expenditure. The toll on human lives is equally costly. In the U.S., overdose deaths now run at a rate of roughly five persons per hour.
However, PFSF’s Hyperledger system may turn the tide, since it is a sophisticated method of recordkeeping. There is hope that better bookkeeping, which is possible with blockchain systems, may augment efforts to rein in drug abuse by identifying drug diversion and the bad actors (medical professionals and patients) responsible for it. The present system is flawed in several ways. It allows “double doctoring,” for instance, which occurs when a patient takes out more than one prescription from many physicians. This problem is compounded since tracking prescriptions is typically done on a state-by-state basis, and the silo nature of these systems can be easily exploited by patients who travel across state lines to repeat prescriptions.
Hyperledger Blockchain from Pacific Software may stop this corruption and chicanery. By tracking drugs from production to final use, the system will identify “pill mills” that over-prescribe painkillers or patients who “doctor shop” for extra prescriptions. The platform will be able to detect exactly where the opioids are sidetracked for abuse or illegal use. Moreover, it can overcome the lack of communicability between silo systems. Generally, blockchain has the capability to interconnect systems that don’t readily speak to each other, so several entities – state regulators, manufacturers, pharmacies – could potentially be on the same system. And, of course, unlike traditional databases, blockchains are immutable, i.e., records cannot be changed unless consensus is agreed by a majority of members. Also, a blockchain built to track pharmaceuticals would, very likely, be “permissioned” and accessible only by manufacturers, health care professionals and regulators.
Pacific met recently with representatives from the African Chamber of Commerce and is in the process now of developing a partnership with them for building trade with struggling African countries. This will include helping in areas where, for example, people are selling into counterfeit drugs and medications. Blockchain is already at work in the health care industry. Humanity.co has launched its My31 Mobile App, incorporating the IBM Blockchain design, which is designed to help users manage their health data (http://nnw.fm/rFjp4).
In August, Pacific Software announced that it had signed a definitive agreement to begin construction of its proprietary e-commerce trade platform (http://nnw.fm/7rTwn). The accord gives Cobalt 47 Technologies Ltd., a spin-off of KBQuest Group, the greenlight to begin construction of the multi-lingual e-commerce B2B and B2C trade platform. The platform is expected to be in production by November 2018 and will integrate blockchain technology solutions.
KBQuest Group, Inc. is the leading Microsoft distributor in China and was named “Microsoft SQL Partner of the Year 2017.” Its founder and chairman, Dr. Wang-Chan Wong, advises Pacific Software on technical issues.
For more information, visit the company’s website at www.PacificSoftwareInc.com
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NAPANEE, Ontario, Sept. 26, 2018 — VIVO Cannabis Inc. (TSX-V: VIVO, OTCQB: VVCIF) (“VIVO” or the “Company”) is pleased to announce that it has completed the construction of its first innovative seasonal “Airhouse”.
The first of four planned Airhouses to be constructed in 2018 has been completed on the Company’s 65 acre parcel of land in Napanee, Ontario. Each Airhouse represents over 17,000 square feet of cultivation space in a unique seasonal greenhouse environment and is expected to yield two harvests per year. A total of 68,000 square feet of cultivation space (providing incremental annual capacity of 4,000 kilograms of dry flower) will be available once the first phase of Airhouse construction is completed over the next few weeks. VIVO expects to grow quality cannabis for extraction in these structures, with very favourable operating costs and a much lower capital investment than traditional glass greenhouse facilities.
Airhouses are a greenhouse alternative widely used in commercial agricultural applications to produce flowers, vegetables and fruits, substituting glass for high quality vinyl. They are much more cost-efficient than building greenhouses while being safe, effective and environmentally-friendly.
“The opening of our first Airhouse cultivation facility represents VIVO’s commitment to both innovation and cost management to produce a variety of quality cannabis. Although these Airhouses are used to cultivate cannabis in the US, VIVO is the first licensed producer in Canada to utilize this technology. We expect these Airhouses to provide us cannabis needed to satisfy the increasing demand for extracted product,” commented Barry Fishman, VIVO’s CEO. “By the end of 2018, our total annual capacity in both BC and Ontario is expected to exceed 12,000 kilograms.”
The Airhouses themselves possess multiple attributes which differentiate them in significant ways from all other greenhouse structures. Their positive internal pressure allows the structures to remain inflated and intact, even in hurricane-force winds, and prevents the entry of unwanted pest into the production space resulting in a structure that is USDA certified for plant quarantine production. The Airhouses have passive wind collection towers which, in most conditions, are sufficient alone for maintaining inflation. When wind speeds are not adequate, a series of large internal fans take up the load and can maintain a steady wind of 15km/hr inside the structures if desired. The maximum power consumption of each greenhouse is 20kW, a level of power use which is many orders of magnitude lower then conventional greenhouse design. Taken individually, each of these unique features represents an improvement over conventional greenhouse design.
About VIVO Cannabis™
VIVO, based in Napanee, Ontario, is recognized for trusted, high-quality products and services. It holds production and sales licences from Health Canada and operates world-class indoor cultivation facilities with proprietary plant-growing technology. VIVO has a collection of premium brands targeting unique customer segments, including Beacon Medical™, FIRESIDE™, Canna Farms™ and Lumina™. In August 2018, VIVO acquired Canna Farms Limited, a premium cannabis company based in Hope, British Columbia. Canna Farms was B.C.’s first Licensed Producer and has many years of craft cultivation experience and expertise, as well as a significant patient base and positive cash flow. VIVO is significantly expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, including Germany and Australia. In addition, VIVO also operates Harvest Medicine, a patient-centric and highly scalable network of specialty medical cannabis clinics. Harvest Medicine provides best-in-class education and support to over 15,000 patients in its clinics and via its free telemedicine platform. VIVO has a healthy balance sheet with over $100 million in cash and is well-positioned to accelerate the growth of our business, in Canada and internationally.
More Information
Barry Fishman, CEO: barry.fishman@vivocannabis.com
Michael Bumby, CFO: michael.bumby@vivocannabis.com
Website: vivocannabis.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 news release contains forward-looking statements, including statements regarding the suitability of the Airhouses to grow cannabis for extraction, the likelihood of Health Canada approving cultivation of cannabis in Airhouses, the ability for VIVO to produce cannabis economically in Airhouses with a lower capital investment than traditional greenhouses, and the opening of the adult use cannabis market later this year. The forward-looking statements in this release are based on certain assumptions and involve known and unknown risks and uncertainties and other factors that could cause actual events to differ materially from current assumptions and expectations, including that Health Canada may not approve VIVO’s use of Airhouses in cannabis production, that the Airhouses may not be an efficient growing environment for cannabis, that production costs may exceed current expectations, and that the adult use cannabis market may not open later this year. The forward-looking statements contained in this news release should not be read as guarantees of future performance or results. 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 and other continuous disclosure filings, which are available on SEDAR at www.sedar.com. Readers are cautioned not to place undue reliance on these 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.
NAPANEE, Ontario, Sept. 25, 2018 — VIVO Cannabis Inc. (TSX-V: VIVO, OTCQB: VVCIF) (“VIVO” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Canna Farms Ltd. (“Canna Farms”) has fulfilled and shipped its first recreational cannabis purchase destined for the British Columbia Liquor Distribution Branch’s (“BCLDB”) warehouse.
Dan Laflamme, President of Canna Farms, said, “It was satisfying for Canna Farms to ship this first, historic shipment of recreational cannabis. We fulfilled the BCLDB’s purchase order on time and in accordance with our plans and processes. We look forward to making similar shipments in the next few weeks to Yukon, Alberta, Saskatchewan, Manitoba, and Ontario from our production facilities in Hope, British Columbia. The world is watching Canada as we lead the way globally in creating a federally regulated adult-use cannabis market”
About VIVO Cannabis™
VIVO, based in Napanee, Ontario, is recognized for trusted, high-quality products and services. It holds production and sales licences from Health Canada and operates world-class indoor cultivation facilities with proprietary plant-growing technology. VIVO has a collection of premium brands targeting unique customer segments, including Beacon Medical™, FIRESIDE™, Canna Farms™ and Lumina™. In August 2018, VIVO acquired Canna Farms Limited, a premium cannabis company based in Hope, British Columbia. Canna Farms was B.C.’s first Licensed Producer and has many years of craft cultivation experience and expertise, as well as a significant patient base and positive cash flow. VIVO is significantly expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, including Germany and Australia. In addition, VIVO also operates Harvest Medicine, a patient-centric and highly scalable network of specialty medical cannabis clinics. Harvest Medicine provides best-in-class education and support to over 15,000 patients in its clinics and via its free telemedicine platform. VIVO has a healthy balance sheet with over $100 million in cash and is well-positioned to accelerate the growth of its business, in Canada and internationally.
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 news release contains forward-looking statements, including statements regarding making shipments of cannabis in other Canadian provinces in the next few weeks. The forward-looking statements in this release are based on certain assumptions and involve known and unknown risks and uncertainties and other factors that could cause actual events to differ materially from current assumptions and expectations, including that VIVO and Canna Farms may be unable to make shipments in other Canadian provinces in the next few weeks or ever. A more complete discussion of the risks and uncertainties facing the Company appears in the Company’s Annual Information Form dated April 30, 2018 and other continuous disclosure filings, which are available on SEDAR at www.sedar.com. Readers are cautioned not to place undue reliance on these 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.
More Information
Barry Fishman, CEO: barry.fishman@vivocannabis.com
Michael Bumby, CFO: michael.bumby@vivocannabis.com
Website: vivocannabis.com
TORONTO, Sept. 25, 2018 – The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD“) (TSX:TGOD) (US:TGODF) is pleased to provide an update on the previously announced spin-off transaction (the “Spin-off“) involving the Company’s wholly-owned subsidiary, TGOD Acquisition Corporation (“SpinCo“), and to announce that, in connection with the Spin-Off, SpinCo intends to complete a non-brokered private placement offering (the “SpinCo Offering” or the “Offering“) of up to 20,000,000 subscription receipts (the “Subscription Receipts“) at a price of $0.50 per Subscription Receipt for gross proceeds of up to $10,000,000.
Updated Distribution Record Date
Subject to execution of an arrangement agreement to be entered into by the Company and SpinCo (the “Arrangement Agreement“) and receipt of requisite corporate, regulatory and court approvals, the Distribution Record Date (as defined below) is now expected to be on or about November 16, 2018. The Company will provide further updates on the Distribution in due course.
Spin-Off Transaction
As previously announced, the Spin-Off is expected to be effected through the distribution (the “Distribution“) of unit purchase warrants of SpinCo (the “SpinCo Unit Warrants“) to TGOD shareholders by way of a court-approved plan of arrangement (the “Arrangement“) under the terms and conditions of the Arrangement Agreement. Pursuant to the Arrangement, TGOD shareholders of record as of the distribution date for the Distribution (the “Distribution Record Date“) will receive 0.15 of one SpinCo Unit Warrant for each TGOD share held. Each SpinCo Unit Warrant will entitle the holder to purchase one unit of SpinCo (a “SpinCo Unit“) at a price of $0.50 per SpinCo Unit for a period of 30 days from completion of the Distribution. Each SpinCo Unit will consist of one common share of SpinCo (“SpinCo Share“) and one-half of one common share purchase warrant of SpinCo (a “SpinCo Warrant“). Each SpinCo Warrant is exercisable into one SpinCo Share (a “SpinCo Warrant Share“) at the exercise price of $1.25 per SpinCo Warrant Share and has an expiry date that is 24 months from the date the SpinCo Shares commence trading on a recognized stock exchange (the “Listing Date“). The SpinCo Shares comprising part of the SpinCo Units will be subject to a six month contractual escrow period from the Listing Date. The SpinCo Shares issuable upon the exercise of the SpinCo Warrants will be subject to a twelve month contractual escrow period from the Listing Date. Management of the Company will have the opportunity to participate by purchasing SpinCo Units to the extent that SpinCo Unit Warrants are not exercised by TGOD shareholders .
The aggregate SpinCo Unit Warrants to be distributed to TGOD shareholders will be issued by SpinCo to TGOD pursuant to a transaction expense agreement to be entered into between the parties concurrently with the Arrangement Agreement, pursuant to which TGOD will fund SpinCo’s transaction costs in connection with the Arrangement in the amount of $200,000. A repayable loan from TGOD to SpinCo is no longer contemplated by the parties. Similarly, the previously disclosed 25 year warrants to be issued to TGOD are also no longer being contemplated. TGOD will have no ownership rights in SpinCo after the Spin-off.
The Arrangement remains subject to the approval of at least two-thirds of the votes cast by TGOD shareholders at the TGOD Meeting (as defined below). Terms of the Arrangement are subject to finalization based on ongoing tax and legal structuring advice. Completion of the Arrangement is also subject to other closing conditions customary for a transaction of this nature, including requisite corporate, regulatory and court approvals.
As the Company is due to hold an annual general meeting of its shareholders by the end of 2018 and in order to avoid an additional shareholders meeting, the resolutions to approve the Arrangement and the SpinCo Offering will be presented to TGOD shareholders together with annual meeting matters at an annual general and special meeting of TGOD shareholders expected to be held on or about November 7, 2018 (the “TGOD Meeting“). Further details of the Arrangement, the SpinCo Offering and annual meeting matters will be included in a management information circular of TGOD (the “Circular“) to be prepared in respect of the TGOD Meeting. TGOD intends to mail the Circular in October, a copy of which will be concurrently filed under TGOD’s profile on SEDAR at www.sedar.com.
SpinCo Offering
SpinCo intends to complete the SpinCo Offering of up to 20,000,000 Subscription Receipts at a price of $0.50 per Subscription Receipt for gross proceeds of up to $10,000,000. Each Subscription Receipt will automatically entitle the holder to receive, without payment of additional consideration, one SpinCo Unit upon receipt of the necessary shareholder and TSX approvals of the SpinCo Offering (the “Escrow Release Conditions“). The SpinCo Units underlying the Subscription Receipts have the same terms (including contractual escrow periods) as the SpinCo Units underlying the SpinCo Unit Warrants to be distributed to TGOD shareholders under the Distribution, which are comprised of one SpinCo Share and one SpinCo Warrant.
SpinCo intends to use the net proceeds of the SpinCo Offering to execute on SpinCo’s investment strategy and for general working capital purposes. SpinCo has not engaged any agents in connection with the SpinCo Offering.
The Offering is subject to TGOD shareholder, regulatory and court approvals. A resolution to approve the Offering will be presented to TGOD shareholders at the TGOD Meeting. TGOD shares held by all insiders of TGOD intending to participate in the Offering will be excluded from such vote.
There can be no assurance as to whether or when the Offering will be completed or whether the Escrow Release Conditions will ever be met and the SpinCo Units underlying the Subscription Receipts released to the subscribers. If the Escrow Release Conditions are not satisfied in accordance with the terms of the Offering on or before November 16, 2018 (or such other date as the Company may determine), holders of the Subscription Receipts will be entitled to the return of their subscription amount without interest.
U.S. Securities and Tax Matters
The Offering will be made on a private placement basis, exempt from the prospectus and registration requirements of applicable securities laws. The Subscription Receipts, SpinCo Units, SpinCo Shares, SpinCo Warrants and SpinCo Warrant Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company’s or SpinCo’s securities in the United States, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful.
The SpinCo Unit Warrants to be distributed pursuant to the Distribution will not be registered under the laws of any foreign jurisdiction, including the U.S. Securities Act. Consequently, no SpinCo Unit Warrants will be delivered to any registered or beneficial holder of TGOD shares who is, or who appears to TGOD or Computershare Trust Company of Canada, as custodian (the “Custodian“) to be, a non-resident of Canada (“Non-Residents“) within the meaning of the Income Tax Act (Canada) (the “Tax Act“). Such SpinCo Unit Warrants will be delivered by TGOD to the Custodian for sale by the Custodian on behalf of all Non-Residents. Such SpinCo Unit Warrants will be sold by the Custodian through a registered securities broker or dealer (the “Selling Agent“) retained for the purpose of effecting a sale of such SpinCo Unit Warrants on behalf of Non-Residents. Such Non-Residents will receive from the Custodian their pro rata share of the cash proceeds from the sales of such Warrants, less any commissions, expenses and any applicable withholding taxes.
The SpinCo Unit Warrants, the SpinCo Units underlying the SpinCo Unit Warrants, and the Subscription Receipts are not expected to be qualified investments under the Tax Act for RRSPs, TFSAs or other registered plans as at the time of issuance and could therefore subject the plan or its annuitant or holder to adverse tax results. While TGOD expects to reference additional detail in the Circular once the exact mechanics under the Arrangement have been determined, affected TGOD shareholders, and potential subscribers of Subscription Receipts, are strongly encouraged to consult their tax advisors to determine the implications specific to their situation.
Further Information
To learn more about the foregoing including SpinCo Offering and the Distribution, please contact the investor relations team at: invest@tgod.ca or (416) 900-7621.
ABOUT TGOD ACQUISITION CORPORATION
SpinCo is an investment company guided by an investment policy primarily focused on investments in the cannabis industry in Canada and internationally. SpinCo’s investments may include the acquisition of equity, debt or other securities of publicly traded or private companies or other entities, financing in exchange for pre-determined royalties or distributions and the acquisition of all or part of one or more businesses, portfolios or other assets, in each case as SpinCo believes will enhance value for the shareholders of SpinCo in the long term. SpinCo’s board of directors and management team have considerable financial, mergers and acquisitions and cannabis industry experience and will consist of David Doherty, Chief Executive Officer and Director who has transitioned from TGOD, Nick Demare, Chief Financial Officer, and Jeff Scott, Director.
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. (ACB.TO) whereby Aurora has invested approximately C$78.1 million for a 20% off-take agreement on Canadian production. The Company has raised approximately C$350 million dollars and has over 20,000 shareholders.
TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.
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 regarding the execution of the Arrangement Agreement, statements regarding the timing, closing and approval of the Arrangement, the Distribution and the SpinCo Offering, 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.
The state of Louisiana voted to legalize medical cannabis in 2015. However, it has taken years for the laws to evolve and reach a level where patients can start accessing medical cannabis. This is now likely to happen in November of this year. The barrier on how many medical cannabis patients any doctor can handle has now been removed.
Under the 2016 law, doctors with a license to recommend medical cannabis to patients were restricted to a maximum of 100 patients at a time. That limitation was found to be impractical, even before the first medical cannabis dispensaries opened.
This is because only 48 doctors have submitted their applications to join the cannabis program, and just 37 of those have been cleared to write recommendations for patients who wish to use cannabis to treat their health conditions. Approximately 4,000 patients out of the anticipated 100,000 could access a doctor for a recommendation under that restriction.
The Louisiana State Board of Medical Examiners saw that bottleneck and voted overwhelmingly (eight to one) to allow qualifying doctors to take on as many patients as they can. This will hopefully reduce the wait lists for patents wishing to access medical cannabis.
Another sticking point that was voted on was the follow up requirement for both medical cannabis patients and doctors. Under the old law, patients were expected to see the doctor who gave them the medical cannabis recommendation every 90 days in order to renew that recommendation.
Patients felt that this requirement was too burdensome, since it would take a lot of time to schedule a doctor’s appointment.
Medical cannabis advocates also felt that the follow up requirement was unnecessary, since the doctor wasn’t responsible for prescribing or overseeing the medical cannabis patient’s treatment. Those visits every 90 days were therefore unnecessary.
The board of medical examiners voted to remove this restriction as well. However, it was a close vote, with five regulators voting in favor while four voted against the removal of that requirement.
However, the removal of those restrictions will not on its own make it easy for patients to get a recommendation for medical cannabis. This is because, as already indicated, the number of doctors signing up for the medical cannabis program is still woefully small.
Advocacy groups are planning to conduct awareness campaigns for doctors in order to address any concerns or information gaps preventing them from joining the medical cannabis program. The state board of medical examiners is supporting this plan, spearheaded by Louisiana State University. Firms like Medical Cannabis Payment Solutions (OTC: REFG) and Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) must be wishing that all jurisdictions address cannabis issues as progressively as the state of Louisiana is doing.
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LOS ANGELES, Sept. 25, 2018 — via NetworkWire – NUGL Inc. (OTC: NUGL) (the “Company”), the cannabis industry’s new standard of technology, today announces the addition of Bob Waters, former Associate Publisher and Sales Director of Culture Magazine, as Vice President of Sales for NUGL Inc. Waters will take the lead in developing NUGL’s sales team and leverage his vast expertise in sales and marketing to assist in the launch of strategic partnerships and acquisitions for NUGL’s growing stable of cannabis-focused initiatives.
“The addition of Bob could not be a better fit for us. Bob is very connected in the cannabis space and has done a great job building his past company’s advertising revenue,” said Brandon Vargas, CEO of NUGL. “We believe NUGL provides one of the best advertising platforms in the industry and this will be a playground for Bob to grow advertising sales with no boundaries. NUGL offers so many types of advertising options and creative strategies to help brands, services and shops get their name out in the industry.”
Waters has been leading sales organizations for over 30 years. His resume includes holding the title of Chief Petty Officer U.S. Navy during his military service. Waters was on the tip of the spear of the nation’s global defense efforts serving in operations Desert Storm, Desert Shield, Enduring Freedom, Balikatan, and multiple humanitarian missions. He also spent eight years driving the marketing and recruitment efforts for the U.S. Navy throughout the Western United States territory. After his military service, Waters joined DexMedia’s leadership team to bring to market new digital/print B2B solutions that helped local, small- to medium-sized businesses thrive. His resume includes working in traditional daily news organizations such as the Standard Examiner out of Ogden, Utah, as the digital sales manager. Prior to joining the NUGL team he most recently served as Associate Publisher and Sales Director for Culture Magazine, a cannabis lifestyle publication that has grown to seven editions serving a widening population of cannabis savvy consumers.
“My background as an executive was built on advertising and sales. I love to sell, I love to build good teams and good strategies, and I love to make my clients happy,” Waters states. “I have built lasting relationships in the cannabis space by providing exceptional service. I’m a firm believer in the value of building and protecting an excellent reputation. When I was first introduced to NUGL and read the company’s philosophy, “for the people by the people,” it raised my interest. I started to learn more about what NUGL is building and the company’s long-term goals and thought, I really want to be a part of this, and so I am. Culture Magazine has been great to me and we plan to work with them in the future. It’s time for me to move in a direction I feel is best for my skill set and NUGL is it.”
NUGL offers the cannabis industry and consumers an unparalleled array of choices through its mobile search app that cultivates the promotion of enhanced profiles and individual brands, stimulates new business, and makes it easier for cannabis patients and connoisseurs to locate products and share unbiased opinions. NUGL now offers home page advertising placement and will be expanding this valuable service through the addition of creative ad placement options on its website and app in the coming weeks and months. An increase in traffic and application downloads has sped up the opportunity for advertising placements which will include featured listings, pulsating icons on the map, uninstructive pop-ups for messages and internal “blasts” to users and much more.
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. NUGL’s flexible web app has no geographic limitations and can rapidly connect cannabis companies, related vertical services and users. The NUGL iOS and Android app brings a powerful cannabis search tool within reach of anyone, anytime, anywhere with the ease of a smartphone.
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/nuglapp/
LinkedIn: https://www.linkedin.com/company/justnuglit/
Newsletter: https://nugl.us16.list-manage.com/subscribe?u=219fe8bb6995a19827c9f36cb&id=dc46712578
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:
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NEW YORK, Sept. 25, 2018 — In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Eros International PLC (NYSE:EROS), Federated Investors, Inc. (NYSE:FII), Oaktree Capital Group, LLC (NYSE:OAK), Civeo Corporation (NYSE:CVEO), Potbelly Corporation (NASDAQ:PBPB), and Net Element, Inc. (NASDAQ:NETE), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.
Complimentary Access: Research Reports
Full copies of recently published reports are available to readers at the links below.
EROS DOWNLOAD: http://Fundamental-Markets.com/register/?so=EROS
FII DOWNLOAD: http://Fundamental-Markets.com/register/?so=FII
OAK DOWNLOAD: http://Fundamental-Markets.com/register/?so=OAK
CVEO DOWNLOAD: http://Fundamental-Markets.com/register/?so=CVEO
PBPB DOWNLOAD: http://Fundamental-Markets.com/register/?so=PBPB
NETE DOWNLOAD: http://Fundamental-Markets.com/register/?so=NETE
(You may have to copy and paste the link into your browser and hit the [ENTER] key)
The new research reports from Fundamental Markets, available for free download at the links above, examine Eros International PLC (NYSE:EROS), Federated Investors, Inc. (NYSE:FII), Oaktree Capital Group, LLC (NYSE:OAK), Civeo Corporation (NYSE:CVEO), Potbelly Corporation (NASDAQ:PBPB), and Net Element, Inc. (NASDAQ:NETE) on a fundamental level and outlines the overall demand for their products and services in addition to an in-depth review of the business strategy, management discussion, and overall direction going forward. Several excerpts from the recently released reports are available to today’s readers below.
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Important Notice: the following excerpts are not designed to be standalone summaries and as such, important information may be missing from these samples. Please download the entire research report, free of charge, to ensure you are reading all relevant material information. All information in this release was accessed September 21st, 2018. Percentage calculations are performed after rounding. All amounts in millions (MM), except per share amounts.
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EROS INTERNATIONAL PLC (EROS) REPORT OVERVIEW
Eros International’s Recent Financial Performance
For the three months ended June 30th, 2018 vs June 30th, 2017, Eros International reported revenue of $60.21MM vs $60.83MM (down 1.02%) and analysts estimated basic earnings per share -$0.20 vs -$0.02. For the twelve months ended March 31st, 2018 vs March 31st, 2017, Eros International reported revenue of $261.25MM vs $252.99MM (up 3.26%) and analysts estimated basic earnings per share -$0.36 vs $0.06. Analysts expect earnings to be released on November 28th, 2018. The report will be for the fiscal period ending September 30th, 2018. The reported EPS for the same quarter last year was -$0.03. The estimated EPS forecast for the next fiscal year is $0.23 and is expected to report on June 26th, 2019.
To read the full Eros International PLC (EROS) report, download it here: http://Fundamental-Markets.com/register/?so=EROS
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FEDERATED INVESTORS, INC. (FII) REPORT OVERVIEW
Federated Investors’ Recent Financial Performance
For the three months ended June 30th, 2018 vs June 30th, 2017, Federated Investors reported revenue of $255.99MM vs $272.80MM (down 6.16%) and analysts estimated basic earnings per share $0.38 vs $0.53 (down 28.30%). For the twelve months ended December 31st, 2017 vs December 31st, 2016, Federated Investors reported revenue of $1,102.92MM vs $1,143.37MM (down 3.54%) and analysts estimated basic earnings per share $2.87 vs $2.03 (up 41.38%). Analysts expect earnings to be released on October 25th, 2018. The report will be for the fiscal period ending September 30th, 2018. Reported EPS for the same quarter last year was $0.56. The estimated EPS forecast for the next fiscal year is $2.36 and is expected to report on January 24th, 2019.
To read the full Federated Investors, Inc. (FII) report, download it here: http://Fundamental-Markets.com/register/?so=FII
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OAKTREE CAPITAL GROUP, LLC (OAK) REPORT OVERVIEW
Oaktree Capital Group’s Recent Financial Performance
For the three months ended June 30th, 2018 vs June 30th, 2017, Oaktree Capital Group reported revenue of $213.28MM vs $634.06MM (down 66.36%) and analysts estimated basic earnings per share $0.44 vs $1.83 (down 75.96%). For the twelve months ended December 31st, 2017 vs December 31st, 2016, Oaktree Capital Group reported revenue of $1,469.77MM vs $1,125.75MM (up 30.56%) and analysts estimated basic earnings per share $3.61 vs $3.11 (up 16.08%). Analysts expect earnings to be released on October 25th, 2018. The report will be for the fiscal period ending September 30th, 2018. Reported EPS for the same quarter last year was $0.67. The estimated EPS forecast for the next fiscal year is $3.50 and is expected to report on February 5th, 2019.
To read the full Oaktree Capital Group, LLC (OAK) report, download it here: http://Fundamental-Markets.com/register/?so=OAK
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CIVEO CORPORATION (CVEO) REPORT OVERVIEW
Civeo’s Recent Financial Performance
For the three months ended June 30th, 2018 vs June 30th, 2017, Civeo reported revenue of $130.18MM vs $92.01MM (up 41.48%) and basic earnings per share -$0.29 vs -$0.11. For the twelve months ended December 31st, 2017 vs December 31st, 2016, Civeo reported revenue of $382.28MM vs $397.23MM (down 3.76%) and analysts estimated basic earnings per share -$0.82 vs -$0.90. Analysts expect earnings to be released on October 25th, 2018. The report will be for the fiscal period ending September 30th, 2018. The reported EPS for the same quarter last year was -$0.15. The estimated EPS forecast for the next fiscal year is -$0.24 and is expected to report on February 28th, 2019.
To read the full Civeo Corporation (CVEO) report, download it here: http://Fundamental-Markets.com/register/?so=CVEO
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POTBELLY CORPORATION (PBPB) REPORT OVERVIEW
Potbelly’s Recent Financial Performance
For the three months ended June 30th, 2018 vs June 30th, 2017, Potbelly reported revenue of $110.35MM vs $108.14MM (up 2.04%) and analysts estimated basic earnings per share -$0.01 vs -$0.01. For the twelve months ended December 31st, 2017 vs December 31st, 2016, Potbelly reported revenue of $428.11MM vs $407.13MM (up 5.15%) and analysts estimated basic earnings per share -$0.28 vs $0.32. Analysts expect earnings to be released on November 2nd, 2018. The report will be for the fiscal period ending September 30th, 2018. The reported EPS for the same quarter last year was $0.07. The estimated EPS forecast for the next fiscal year is $0.44 and is expected to report on February 22nd, 2019.
To read the full Potbelly Corporation (PBPB) report, download it here: http://Fundamental-Markets.com/register/?so=PBPB
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NET ELEMENT, INC. (NETE) REPORT OVERVIEW
Net Element’s Recent Financial Performance
For the three months ended June 30th, 2018 vs June 30th, 2017, Net Element reported revenue of $16.46MM vs $16.14MM (up 2.01%) and analysts estimated basic earnings per share -$0.23 vs -$0.93. For the twelve months ended December 31st, 2017 vs December 31st, 2016, Net Element reported revenue of $60.06MM vs $54.29MM (up 10.64%) and analysts estimated basic earnings per share -$5.04 vs -$10.33. Analysts expect earnings to be released on November 13th, 2018. The report will be for the fiscal period ending September 30th, 2018. The reported EPS for the same quarter last year was -$0.90. The estimated EPS forecast for the next fiscal year is -$0.31 and is expected to report on April 1st, 2019.
To read the full Net Element, Inc. (NETE) report, download it here: http://Fundamental-Markets.com/register/?so=NETE
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ABOUT FUNDAMENTAL MARKETS
Fundamental Markets serves thousands of members and have provided research through some of the world’s leading brokerages for over a decade–and continue to be one of the best information sources for investors and investment professionals worldwide. Fundamental Markets’ roster boasts decades of financial experience and includes top financial writers, FINRA® BrokerCheck® certified professionals with current and valid CRD® number designations, as well as Chartered Financial Analyst® (CFA®) designation holders, to ensure up to date factual information for active readers on the topics they care about.
REGISTERED MEMBER STATUS
Fundamental Markets’ oversight and audit staff are registered analysts, brokers, and/or financial advisers (“Registered Members”) working within Equity Research, Media, and Compliance departments. Fundamental Markets’ roster includes qualified CFA® charterholders, licensed securities attorneys, and registered FINRA® members holding duly issued CRD® numbers. Current licensed status of several Registered Members at Fundamental Markets have been independently verified by an outside audit firm, including policy and audit records duly executed by Registered Members. Complaints, concerns, questions, or inquiries regarding this release should be directed to Fundamental Markets’ Compliance department by Phone, at +1 667-401-0010, or by E-mail at compliance@Fundamental-Markets.com.
LEGAL NOTICES
Information contained herein is not an offer or solicitation to buy, hold, or sell any security. Fundamental Markets, Fundamental Markets members, and/or Fundamental Markets affiliates are not responsible for any gains or losses that result from the opinions expressed. Fundamental Markets makes no representations as to the completeness, accuracy, or timeliness of the material provided and all materials are subject to change without notice. Fundamental Markets has not been compensated for the publication of this press release by any of the above mentioned companies. Fundamental Markets is not a financial advisory firm, investment adviser, or broker-dealer, and does not undertake any activities that would require such registration. For our full disclaimer, disclosure, and terms of service please visit our website.
Media Contact:
Andrew Duffie, Media Department
Office: +1 667-401-0010
E-mail: media@Fundamental-Markets.com
TORONTO, Sept. 24, 2018 – The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF) is pleased to announce the appointment of American businessman, investor, and television personality Tim Seymour to the Company’s Advisory Board.
Best known for his role with CNBC as a recognized trader and market strategist, on “Fast Money” (M-F, 5PM ET), Mr. Seymour has over 22 years of investment experience as a portfolio manager and capital markets professional. For the past decade, Mr. Seymour has been a contributor on Fast Money and is cited as one of the top finance professionals on Twitter, including The Wall Street Journal’s “Top Tweets for Your Money“.
Mr. Seymour is the founder and CIO of Seymour Asset Management (SAM). SAM provides asset and wealth management services for clients, including direct investment and allocation to private equity and alternative assets. Prior to SAM, he was the CIO and co-founder of Triogem Asset Management.
“Tim is one of the most recognizable finance professionals in America and we are thrilled to have him join our team,” stated Brian Athaide, CEO of TGOD. “Working with Tim and his established network of investors will be invaluable as we continue to build the largest organic cannabis brand in the world.”
Mr. Seymour will advise TGOD on global finance strategies, including a US listing, and broaden relationships with institutional investors, hedge funds, family offices, and high net worth individuals.
“Strong leadership is critical in an emerging industry like cannabis,” said Tim Seymour. “In a world where brands matter, TGOD has differentiated its approach through natural and organic products. I am excited to combine my experience with such a proven consumer products team.”
Additionally, Brian Athaide, CEO, has joined the TGOD Board of Directors, and David Doherty has transitioned to TGOD Acquisitions Corp. Mr. Doherty will be available as a consultant to the Company. “Brian has done an incredible job transitioning from CFO to CEO and I am extremely pleased with the leadership skills and depth of consumer understanding he has demonstrated since joining TGOD. We welcome him to the Board,” stated Jeff Scott, TGOD’s Chairman of the Board.
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. (ACB.TO) whereby Aurora has invested approximately C$78.1 million for a 20% off-take agreement on Canadian production. The Company has raised approximately C$350 million dollars and has over 20,000 shareholders.
TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.
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.
- The spread of digital devices is promoting omni-channel marketing
- Customers want the convenience of paying any which way
- NETE platforms handle over 100 different payment options in over 40 currencies
- Company intends to launch subscription-based payment processing with Payment Club, Inc.
The days when retailers waited hopefully for customers to visit their High Street locations are long gone. In this digital age, consumers are pursued and wooed wherever they congregate, which could be a news site, an online forum or a social media platform. They may be using a desktop, a tablet, or, very likely, a smartphone – different devices that require different configurations for accepting payments. As a result, the retailer whose shopping cart can only accept orders from one of these will be missing out, while his savvy competitor, using a service from Net Element, Inc. (NASDAQ: NETE), offers a smooth, seamless shopping experience to customers. Net Element is a global fintech provider with technology that facilitates acceptance of electronic payments in an omni-channel environment.
Our shopping expeditions are decidedly different from those undertaken by Mom and Pop. Research by Google (http://nnw.fm/ULN9g) reveals “that consumers want more information and customized experiences during their shopping journey: Two in three shoppers who tried to find information within a store say they didn’t find what they needed, and 43% of them left frustrated. And 71% of in-store shoppers who use smartphones for online research say their device has become more important to their in-store experience.”
The evolution and spread of digital devices has fundamentally altered our approach to commerce. Importantly, consumers now rely on their PCs and smartphones to “window shop” products. After this initial research, actual sales may be realized in a variety of ways.
Regardless of the channel, Net Element has a platform to handle it. The solutions offered by the company enable merchants of all sizes to accept and process over 100 different payment options in more than 40 currencies, including credit, debit and prepaid payments. Net Element also provides merchants with value-added services and technologies, including integrated payment technologies, point-of-sale solutions, security solutions, fraud management, information solutions and analytical tools.
Net Element owns and operates the following subsidiaries:
- Digital Provider – A leading provider of SMS messaging and mobile billing solutions
- Aptito – A next-generation, all-in-one, cloud-based restaurant management and point-of-sale payments platform using wireless technology
- PayOnline – A fully integrated, processor-agnostic electronic commerce platform
- Unified Payments – An award-winning, customized mobile billing and payments solution, recognized by Inc. Magazine as the No. 1 Fastest Growing Company in America in 2012
Recently, Net Element announced that its Unified Payments division had, through its partnership with an institutional investor, arranged a $5 million credit facility for Payment Club to drive its growth initiatives (http://nnw.fm/929Is). Unified Payments will soon be launching subscription-based payment processing services through the alliance with Payment Club, Inc., expanding its services in cashless payment acceptance.
For more information, visit the company’s website at www.NetElement.com
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Newport Beach, CA, Sept. 24, 2018 — DPW Holdings, Inc. (NYSE American: DPW) (“DPW”), a diversified holding company, today announced that its subsidiary, SpyGlass Hill Capital Lending, Corp. launched MonthlyInterest.com, an online portal that facilitates investments that pay monthly interest.
MonthlyInterest.com enables individuals to select the industry, the length of the investment and the interest rate that best fits their need, each of which pays interest monthly. The investments may include real estate developments, specialized high-tech manufacturing, commercial lending and other pecuniary projects.
“Our team is creating a win-win situation,” stated DPW’s CEO and Chairman, Milton “Todd” Ault, III. “Main Street investors are being offered a variety of investment opportunities, including an initial offering through a perpetual preferred that pays 10% annualized return paid monthly. We expect MonthlyInterest.com to serve as an important source of private funding for DPW, its investment portfolio and divisions as well as our subsidiary, Digital Power Lending, LLC. Together, we continue to position for further expansion in 2019 that will benefit of all DPW Holdings’ shareholders.”
Digital Power Lending, LLC is a wholly-owned subsidiary of SpyGlass Hill Capital Lending Corp.
About MonthlyInterest.com
MonthlyInterest.com offers investments that pay monthly interest or monthly dividends. Each of the offerings on MonthlyInterest.com have different monthly interest rates depending upon the industry segment in which the company operates and the length of the loan as stated by the offering company. MonthlyInterest.com users have the ability to select the offering in which they want to invest. To find out more, please visit MonthlyInterest.com. For any questions, please use the ‘message’ feature on the website, email at info@monthlyinterest.com, or call 888-488-4231.
About Digital Power Lending
Digital Power Lending, LLC (“DPL”) is a California Finance Lender (License No. 60 DBO-77905) that specializes in providing capital financing for small businesses through innovative products and services. DPL is a referral-based business seeking unique opportunities to assist in the growth of dynamic companies with operational experience and market accepted products and services. DPL, a California limited liability company, www.DigitalPowerLending.com is a wholly-owned subsidiary of Spyglass Hill Capital Lending Corp., a Delaware Corporation. Spyglass Hill Capital Lending Corp., www.SpyGlassHillCLC.com, is a wholly-owned subsidiary of DPW Holdings, Inc.
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly owned subsidiaries and strategic investments, the company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. 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. 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.com and on the Company’s website at www.DPWHoldings.com.
Contacts:
Kirsten Chapman, LHA Investor Relations, 415.433.3777, dpwholdings@lhai.com
NAPANEE, Ontario, Sept. 24, 2018 — VIVO Cannabis Inc. (TSX-V: VIVO, OTCQB: VVCIF) (“VIVO” or the “Company”) is pleased to announce the launch of its Beacon Medical™ website, its coverage of the excise tax on cannabis purchases, and an affiliation with Strainprint Technologies Ltd.
Beacon Medical™ Website and Roadshow
The Beacon Medical™ website was launched on September 21, 2018 (www.beaconmedical.ca) and has been designed to help patients, referring physicians, and caregivers navigate the somewhat complex medical cannabis market.
“Beacon Medical™ aims to provide a clear path to understanding medical cannabis,” noted Sung Kang, Chief Marketing Officer at VIVO. “We have upgraded our website to make it easier to navigate and shop, created new, more inclusive discount programs, and created a new system of classifying and naming products called Beacon Cannatypes™, simple categories that help consumers of all levels of cannabis experience to select from the hundreds of strains of cannabis available in Canada.”
To educate and promote the new brand, VIVO is conducting ‘Beacon Road Shows’ in Edmonton, Calgary, Toronto and Ottawa this fall. Engaged members of the medical cannabis community, including cannabis clinic staff, physicians, nurse practitioners and researchers, will attend these events and learn about the Beacon Medical™ brand. They will also hear from experts in the scientific community including Professor Raphael Mechoulam – one of VIVO’s scientific advisors and known as the ‘godfather of cannabis research’ for his discovery of the THC molecule – as well as from other scientists such as Dr. Mike Dixon from the University of Guelph who heads up Guelph’s Controlled Environment Systems Research Facility. The Beacon Road Show will treat guests to a multi-course gourmet dinner from nationally and internationally renowned Canadian chefs at some of the country’s top restaurants.
Excise Tax Coverage
Beginning October 17, 2018, all Canadian licensed producers will have their cannabis taxed at $1 per gram or 10% of the sale price, whichever is greater. VIVO is pleased to announce that medical patients of Beacon Medical™ and Canna Farms will not have the cost of this excise tax passed on to them; it will be included in the list price.
Strainprint™ Affiliation
Strainprint™ is a mobile app for medical cannabis users to track their intake and learn which strains and dosage work best for them. “We are always looking for ways to provide value-added services to our patients, and Strainprint’s robust database will help us provide useful information to both patients and health care professionals,” said Mr. Kang.
VIVO’s affiliation with Strainprint™, a leader in cannabis data and analytics, is expected to enhance the patient experience and will allow VIVO to leverage Strainprint’s data-derived insights to develop new products that optimize health outcomes.
“We are thrilled to be working with VIVO, whose tagline, ‘living life’, clearly embodies the same passion, focus and commitment as Strainprint™, with the ultimate objective of improving lives,” said Strainprint™ CEO, Andrew Muroff.
VIVO’s Beacon Medical™ division plans to leverage data insights from the Strainprint™ app and encourage more patients to track their treatment sessions. Engaged users will be eligible for discounts and merchandise on a customized version of the app. Strainprint™ provides access to more than 30 million data points on strain efficacy from more than 800,000 personal health records – the largest and most granular data set of its kind in the world.
About VIVO Cannabis™
VIVO, based in Napanee, Ontario, is recognized for trusted, high-quality products and services. It holds production and sales licences from Health Canada and operates world-class indoor cultivation facilities with proprietary plant-growing technology. VIVO has a collection of premium brands targeting unique customer segments, including Beacon Medical™, FIRESIDE™, Canna Farms™ and Lumina™. In August 2018, VIVO acquired Canna Farms Limited, a premium cannabis company based in Hope, British Columbia. Canna Farms was B.C.’s first Licensed Producer and has several years of craft cultivation experience and expertise, as well as a significant patient base and positive cash flow. The Company is significantly expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, including Germany and Australia. VIVO also operates Harvest Medicine, a patient-centric and highly scalable network of specialty medical cannabis clinics as well as a new free telemedicine app that provides best-in-class education and support to over 15,000 patients. VIVO has a healthy balance sheet with over $100 million in cash and is well-positioned to accelerate growth in both Canada and internationally.
About Strainprint™
Founded in Toronto in 2016, Strainprint™ is a leading demand-side cannabis data and analytics company. With the world’s largest longitudinal, observational data-set of its kind and a mission to advance the scientific understanding of cannabis and its legitimization as a mainstream therapy, Strainprint™ helps medical cannabis patients and doctors use cannabis in the most effective and responsible way possible. Strainprint™ data supports global cannabis research and provides advanced business intelligence and treatment guidance to producers, retailers, medical practitioners, pharmacies, government and industry. Strainprint™ is HIPAA, PIPEDA and PHIPA privacy compliant, military-grade encrypted, and all patient data is completely anonymized and resides in Canada. Strainprint can be seamlessly embedded or integrated with most electronic medical records (EMR) and seed2sale software systems. Strainprint Analytics is accessed by customer subscription. The Strainprint™ app is free to patients and can be downloaded from both the iOS App Store and GooglePlay Store. For more information, visit: www.strainprintanalytics.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 news release contains forward-looking statements, including statements that may lead the reader to believe that Beacon Medical’s new website and their related efforts to help patients, referring physicians, and caregivers navigate the complex medical cannabis market, will be successful, and that Strainprint’s database will help Beacon Medical provide value-added information to their patients and health care professionals. The forward-looking statements in this release are based on certain assumptions and involve known and unknown risks and uncertainties and other factors that could cause actual events to differ materially from current assumptions and expectations, including that Beacon Medical’s new website and their related efforts may not help those trying to navigate the medical cannabis market, and Strainprint’s database many not produce any helpful information to Beacon Medical or their patients or health care providers. A more complete discussion of the risks and uncertainties facing the Company appears in the Company’s Annual Information Form dated April 30, 2018 and other continuous disclosure filings, which are available on SEDAR 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 news 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.
More Information on VIVO Cannabis
Barry Fishman, CEO:barry.fishman@vivocannabis.com
Michael Bumby, CFO:michael.bumby@vivocannabis.com
Website:vivocannabis.com
- Owner of two international U.S. patents and six patents issued by the People’s Republic of China, including three invention patents and three utility model patents
- Revenue for China’s solid waste recycling industry grew at a CAGR of 13.5 percent to an estimated $16.2 billion from 2014-2018
- Sustainable and eco-design recycling trends of industrial waste recycling creating value by extending a products’ life-cycles
- TMSR’s patented green technology allows industrial companies to extract valuable metal byproducts from solid industrial waste
- Global mining waste management market expected to reach 233.56 billion tons by 2022 at a CAGR of 6.1 percent from 2017-2022
TMSR Holding Company Limited (NASDAQ: TMSR), together with its subsidiaries, is providing a clear choice for companies producing industrial solid waste in China that are looking for a clean alternative to traditional waste disposal. Recognized as an industry leader in the research, development, production and sale of solid waste recycling systems and zero emissions process systems for the industrial and mining sectors in the People’s Republic of China, TMSR operates through its wholly owned business divisions: Shengrong Environmental and Wuhan HOST Coating Materials.
The solid waste recycling industry in China continues to grow, even after the Chinese government banned the import of 24 categories of recyclables and solid waste by the end of 2017. The country’s high demand for limited resources, rising concerns about the environment and urbanization are fueling the industry’s growth. Revenue for the solid waste recycling industry in China grew at an annualized rate of 13.5 percent from 2014-2018 to an estimated $16.2 billion, according to an industry report issued by IBISWorld (http://nnw.fm/nL0lQ).
The global waste recycling market, which covers municipal solid waste, industrial non-hazardous waste, construction and demolition waste, plastic waste,and waste from electrical and electronic equipment, is also expanding and expected to generate $282.1 billion in 2018, according to a report by Frost & Sullivan (http://nnw.fm/d5KU7).
TMSR subsidiary Shengrong Environmental designs, builds, sells and services customized solid waste recycling systems and equipment to tackle much of the waste produced by these industries. Shengrong’s patented equipment can process aluminum slag, copper mine tailings, iron mine tailings, red mud manganese tailings and molybdenum tailings, among many others. Unlike traditional chemical-based recovery methods, the company extracts resalable metals from the waste without generating any pollution. The residues are processed to manufacture high-quality construction materials, turning polluted solid waste into valuable industrial materials with zero discharge (http://nnw.fm/s6nuB).
Trends of industrial waste recycling include innovative business models and disruptive technologies including “green technologies” such as those offered by TMSR. By supporting principles of sustainability, TMSR provides end users in the solid waste recycling markets a clean alternative that significantly reduces solid waste discharge into the environment, reducing energy use and pollution while creating value for businesses and extending products’ life-cycles.
For more information, visit the company’s website at www.TMSRHolding.com
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- Payment Club operates cashless processing services on subscription-based model
- Payment Club co-founders raise $7 million for expansion plans
Net Element, Inc. (NASDAQ: NETE) subsidiary Unified Payments is launching subscription-based payment processing services through a partnership with Payment Club, Inc. that raised $7 million to finance the latter’s expansion plans (http://nnw.fm/eLiP8). Net Element develops multi-channel electronic payment solutions, among which is Unified Payments, a flexible mobile point-of-sale system that enables small and mid-sized businesses to accept cashless payments.
Payment Club provides payment processing services on a subscription-based model. Its co-founders recently announced completion of a $7 million financing deal. With the financial boost, Payment Club intends to expand its operations across the United States, hire key staff and open up facilities in which business owners and operators can learn more about the company’s transparent payment processing solution.
“Utilizing a transparent subscription-based pricing model combined with the latest technology solutions, Payment Club can provide positive options to frustrated merchants and streamline their payment processes,” Anthony Kutscher, president and co-founder of Payment Club, stated in a news release.
Kutscher started Payment Club with co-founder and company vice president Alex Ilinski in response to the needs of small and mid-sized business owners who were facing high and complicated fee structures for services which often did not meet their needs or allow them to leverage the benefits of new payment technologies. Ilinski and Kutscher have been in the payments industry for over 20 years.
“Having witnessed our model deliver exceptional outcomes and drive demand, we knew we needed to partner with the reliable technology provider and raise capital to reach more clients faster,” added Ilinski.
The subscription-based model has seen tremendous growth across a number of industries, with research showing that the subscription economy is growing nine times faster than the S&P 500 (http://nnw.fm/4iUD0). Customers are becoming more comfortable with paying subscriptions for access to goods and services, rather than owning them outright.
Vlad Sadovskiy, president of integrated payments for Net Element, said, “Payment Club is an exceptional company that is revolutionizing the way merchants pay for accepting cashless transactions, and we look forward to a long-term partnership with the Payment Club team as they grow the business.”
Unified Payments earlier this month partnered with Payment Club to create a payment processing service that will allow businesses to pay by monthly subscription (http://nnw.fm/3Tn8K). At the time, Sadovskiy said that the newly introduced subscription-based processing model will solve one of the biggest problems facing small businesses by allowing easy and affordable cashless payments.
Unified Payments is a flexible and mobile tool that that can be used by a wide variety of vendors, such as kiosk-type shops, limousine drivers and tow truck and delivery drivers.
For more information, visit the company’s website at www.NetElement.com
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The police department in Ottawa, Canada, has rejected the roadside test kits which the federal government approved for catching drivers who are impaired by the consumption of marijuana.
DrugTest 5000, already in use in several states across the U.S., was introduced in Canada ahead of the October 17 date when recreational cannabis will be available across the country. The Ottawa P.D. cites a number of reasons for its stance.
First, the police say that the DrugTest 5000 kits are very expensive. Each unit reportedly costs $6,000. The regulations in place require the police to conduct a cannabis test as soon as a driver is suspected of being impaired. This means that every police patrol vehicle would have to be equipped with the test kit, an undertaking that would take a lot of money.
Secondly, the sample of saliva taken must be kept at a certain temperature in order to give reliable results once tested for THC. This is too much of a hassle for the police department to deal with on a daily basis.
More opposition to the test kits is resulting from the information filtering in from across the border in the U.S. Apparently, the devices have been successfully challenged in the courts of law for being unreliable, since so much is left to the subjective assessment of the officer selecting drivers to screen.
Some people have even said the cannabis test process is as effective as “tossing a coin” to determine whether someone was impaired due to the presence of marijuana in their blood.
Another fundamental question that needs to be answered is how much THC (tetrahydrocannabinoid) is sufficient to cause impairment. Experts seem to agree that it isn’t as clear cut as is the case with the blood alcohol level detected during a Breathalyzer test.
In light of the above, it seems that the Ottawa Police Department is onto something by rejecting these roadside test kits, which currently appear to be expensive gadgets whose results may not stand up to legal scrutiny.
The decision to train more drug recognition experts may be a smarter move by the Ottawa Police Department, since it provides a better way to identify and possibly prosecute those who will drive under the influence of marijuana. One is left wondering what the thoughts of companies like Choom Holdings Inc. (CSE: CHOO) (OTC: CHOOF) and Hiku Brands Co. Ltd (CSE: HIKU) (OTC: DJACF) may be on this matter.
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SOUTH EASTON, MA / September 20, 2018 / Pressure BioSciences, Inc. (OTCQB: PBIO) (”PBI” or the ”Company”), a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, and platform technology solutions to the worldwide life sciences industry, today announced that its ultra high pressure product line of instruments, methods, and technology platforms was prominently featured at the recent Institute of Food Technologists (”IFT”) annual meeting in Chicago, IL. The Company’s Ultra Shear Technology (”UST”) platform, particularly its U.S. Department of Agriculture-funded collaborative program with The Ohio State University’s College of Food, Agricultural, and Environmental Sciences, was the focus of much discussion during the four-day conference.
Since 1939, IFT has been advancing the application of science across the global food production and supply system, by creating a dynamic forum where individuals from industry, government, and academia spanning more than 90 countries can collaborate, learn, and grow, transforming scientific knowledge into innovative solutions for the benefit of people around the world. The IFT Annual Meeting is the world’s largest annual food science event, with over 20,000 food industry professionals in attendance.
Dr. Aliyar Fouladkhah, Assistant Professor at Tennessee State University (TSU) and Director of the Public Health Microbiology Laboratory (”PHM Lab”) at TSU, said: ”I was the co-chair of a special session on the adoption and validation of high pressure-based technologies by the food industry at the recent IFT annual meeting. My research group presented on the effects of high hydrostatic pressure on the inactivation of foodborne pathogens of major public health concern, such as E. coli, Salmonella, Cronobacter, and Listeria. We believe the data we presented, much of it generated with PBI’s high pressure-based instruments, will assist food safety researchers and stakeholders worldwide as they consider the use of pressure-based interventions for their microbiological studies.”
The research programs at the Fouladkhah and PHM Laboratories at TSU primarily focus on the development of methods to improve microbial safety of various food products. Recent enhancements in the commercial feasibility of high-pressure processing (HPP) have been pivotal in the development of new methods for ensuring food safety, while preserving important sensory experience and quality factors. According to Dr. Fouladkhah, the studies that his research teams have completed using PBI’s ultra-high pressure instruments have proven extremely valuable in determining the critical effects of pressure on the most prevalent foodborne pathogens of public health concern, such as various Salmonella serovars, Shiga toxin-producing Escherichia coli serogroups, and serotypes of Listeria monocytogenes.
Dr. Nate Lawrence, PBI’s Vice President of Marketing and Sales, said: ”We were delighted with the opportunity to attend, participate in scientific sessions, and exhibit at IFT 2018. We had two major goals for this meeting. First, to showcase our growing product line of pressure-based instruments and consumables to food science researchers. We knew Dr. Fouladkhah had been invited to present data in several forums, including as co-chair of the special session of pressure-based technologies for the food science industry. We channeled this exposure into an opportunity to showcase our products to a very large market that had rarely been exposed to PBI and our pressure-based technology platforms and products before. Secondly, with a ”who’s who” list of attendees, we wanted to have meaningful discussions with key opinion leaders (”KOLs”) in the food science area regarding our newly patented Ultra Shear Technology platform.”
Dr. Fouladkhah commented: ”I am confident that the food science community will require and embrace a continued flow of next-generation equipment, technologies and methods for years to come. I believe PBI’s Ultra-Shear Technology (UST) platform, which I first observed in detail at IFT 2018, may be one such technology. Currently in development, UST offers the potential to greatly benefit the food and many other industries, as it could conceivably inactivate the most resistant pathogenic organisms in food matrix, resulting in safer and more stable products. In addition, it appears this new, cutting-edge technology could also be used to produce stable nanoemulsions, resulting in products that could look and taste great, have extended shelf-life at room temperature, but not require chemical preservation. I look forward with anticipation to expanding the capability of my research program by receiving one of PBI’s first UST systems, which I believe will greatly advance our team’s mission to help make food and beverages safer and more desirable for everyone.”
Mr. Richard T. Schumacher, President and CEO of PBI, said: ”Our assessment was that IFT 2018 was a highly successful meeting for PBI. Related to our first major goal, we came back from the meeting with a list of food science researchers interested in learning more about how our products could better enable their research programs. Related to our second major goal, we had the opportunity to discuss the power and potential of the UST platform with KOLs in industry, government, and academia worldwide. We learned a lot, met many important and knowledgeable leaders and food industry stakeholders, and had the opportunity to deeply examine current competitive technology platforms. Based on what we learned, we have made several very important decisions concerning the opportunity for and future path of our UST program. As our action path unfolds, further highlights of these decisions will be made public over the coming weeks.”
About Pressure BioSciences, Inc.
Pressure BioSciences, Inc. (OTCQB: PBIO) is a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life sciences industry. Our products are based on the unique properties of both constant (i.e., static) and alternating (i.e., pressure cycling technology, or ”PCT”) hydrostatic pressure. PCT is a patented enabling technology platform that uses alternating cycles of hydrostatic pressure between ambient and ultra-high levels to safely and reproducibly control bio-molecular interactions (e.g., cell lysis, biomolecule extraction). Our primary focus is in the development of PCT-based products for biomarker and target discovery, drug design and development, biotherapeutics characterization and quality control, food science, soil & plant biology, forensics, and counter-bioterror applications. Additionally, PBIO is actively expanding the use of our pressure-based technologies in the following areas: (1) the use of our recently acquired PreEMT technology from BaroFold, Inc. to allow entry into the biologics contract research services sector, and (2) the use of our recently-patented, scalable, high-efficiency, pressure-based Ultra Shear Technology (”UST”) platform to (i) create stable nanoemulsions of otherwise immiscible fluids (e.g., oils and water) and to (ii) prepare higher quality, homogenized, extended shelf-life or room temperature stable low-acid liquid foods that cannot be effectively preserved using existing non-thermal technologies.
Forward Looking Statements
This press release contains forward-looking statements. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, implied or inferred by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “would,” “expects,” “plans,” “intends,” “anticipates,” “believes,” estimates,” “predicts,” “projects,” “potential” or “continue” or the negative of such terms and other comparable terminology. These statements are only predictions based on our current expectations and projections about future events. You should not place undue reliance on these statements. In evaluating these statements, you should specifically consider various factors. Actual events or results may differ materially. These and other factors may cause our actual results to differ materially from any forward-looking statement. These risks, uncertainties, and other factors include, but are not limited to, the risks and uncertainties discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, and other reports filed by the Company from time to time with the SEC. The Company undertakes no obligation to update any of the information included in this release, except as otherwise required by law.
For more information about PBI and this press release, please click on the following website link:
http://www.pressurebiosciences.com
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Investor Contacts:
Richard T. Schumacher, President and CEO (508) 230-1828 (T)
Nathan P. Lawrence, Ph.D., VP of Marketing and Sales (508) 230-1829 (F)
PHOENIX, Sept. 20, 2018 — NUGL Inc. (NUGL) (the “Company”), is bringing the cannabis industry to the 21st century. The company’s Technical Engineer of software programming, C.J. Melone, talked with “Stock Day” host Everett Jolly about the growth potential and challenges for the market.
“We built an application that addresses every type of business in the 420 sector. Such as services from a CPA or a real estate agent. We cover dispensaries and hydro-stores, and we really focus on a brand. For example, a new vape pen coming out or a new strain of marijuana.”
Jolly asked Melone if the industry is progressing along with the software. He said it’s a must because users are expecting a certain level of growth, “What we are seeing as the industry is evolving is that people are looking for that level of sophistication. They don’t just want marijuana, they find to find a place that sells a certain strain or brand of marijuana.”
NUGL Inc. build profiles that also connects marijuana industry insiders with each other. Providing unique networking experiences for newly created business ventures. But how are they monetizing their services?
“We are going to start monetizing soon,” explained Melone. “You know software is a funny thing. Sometimes it’s better to start charging 5 million eyeballs later, than 500 hundred eyeballs today.”
He went on to explain to Jolly that NUGL Inc. is rolling out new features every week and how feedback is helping them progress to levels they never imagined.
“We are getting into the market very methodically. We are gaining users and brands. We are putting together some strategic alliances. It’s going good. We are growing every day. We are not trying to do things on a whim. We are in this for the long haul.”
For the entire interview Stock Day go here: https://upticknewswire.com/featured-interview-technical-engineer-cj-melone-of-nugl-inc-otcpink-nugl/
To follow all of NUGL’s progress and learn about investment opportunities here: http://www.nugl.com/invest.html
About NUGL
The new standard in cannabis technology.
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, brands, strains, services and more.
Learn more about the company here: http://www.nugl.com/about.html
Contact Information:
Website: www.nugl.com
Email: info@nugl.com
Phone: (714) 383-9982
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
About Uptick Newswire and the “Stock Day” Podcast
Founded in 2013, Uptick Newswire is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Uptick provides companies with customized solutions to their news distribution in both national and international media outlets. Uptick is the sole producer of its “Stock Day” Podcast, which is the number one radio show of its kind in America. The Uptick Network “Stock Day” Podcast is an extension of Uptick Newswire, which recently launched its Video Interview Studio located in Phoenix, Arizona.
Investors Hangout is a proud sponsor of “Stock Day,” and Uptick Newswire encourages listeners to visit the company’s message board at https://investorshangout.com/
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- Two-year contract brings company’s CLR Roasters coffee brand to patrons, crews of international cruise line
- YGYI CEO appointed to board of directors of Direct Selling Association, a national trade organization representing direct selling industry
- Q1 2018 revenues rose by 11 percent over Q1 2017 at $43 million, with gross profits increasing to $25 million
- YGYI enters $7.7 billion cannabis market with HempFX product line
Leading omni-direct lifestyle company Youngevity International, Inc. (NASDAQ: YGYI) is making enviable strides among several sectors of the direct selling industry as it expands its brands and offerings in multiple markets. Among the latest highlights is an expansion into the lucrative cruise line industry with the signing of a two-year contract to provide the company’s CLR Roasters coffee to over 60,000 crew members serving on 60 ships, along with passengers of three luxury cruise ships, a company press release states (http://nnw.fm/X3KMw).
“We are very proud of the footprint we have established in the cruise line industry and this new contract establishes us as a worldwide player in the space. We are hopeful that this relationship will lead to other opportunities among this prestigious operator’s other six cruise line brands,” Ernesto Aguila, president of CLR and founder of the Café La Rica Brand, stated in the news release. “We are quite enthusiastic about this opportunity to expose our coffee and custom blends to such a large organization.”
CLR Roasters LLC is a fully integrated coffee business with multiple brands including Café La Rica, the official “Cafecito” of the Miami Marlins, and Jose’s Java House, a single serve consumer brand. Headquartered in Miami, Florida, CLR Roasters owns two coffee plantations and a wet and dry processing mill located in the high mountains of Matagalpa, Nicaragua, that’s able to process over 30 million pounds of green coffee on an annual basis. Coffee produced by CLR Roasters is certified by numerous organizations to ensure that its exquisite quality, phenomenal taste and environmental sustainability exceeds industry standards, as the company notes on its website
Created through the 2011 merger of Youngevity Essential Life Sciences with Javalution® Coffee Company, today’s Youngevity International Inc. is a virtual worldwide Main Street of products and services under one corporate entity that supports a healthy and empowered lifestyle. Among the Top 100 Global Direct Selling Companies, Youngevity offers products from the six top selling retail categories, including health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry and a range of innovative services.
Youngevity has also introduced a new line of three proprietary blends of hemp-derived cannabinoid products – Soothe, Relax and Uplift – that gives the company a foothold in the $7.7 billion cannabis market. The company expects to introduce the HempFX (Trademarked) product line to the public soon, with the official launch anticipated to take place by October 2018, a news release states (http://nnw.fm/5mQ6w).
“Hemp-derived cannabidiol aligns with what we do very well,” Steve Wallach, CEO of Youngevity, stated in the news release. “We’ve taken what we know about essential nutrients, along with decades of knowledge specializing in natural, plant-based nutrition and their most beneficial nutrients and put that knowledge to work to develop high-end cannabidiol products.”
As a testament to Youngevity’s success and influence in the direct selling industry, Wallach was recently appointed to the Direct Selling Association (“DSA”) board of directors. With nearly three decades of sales and network marketing experience, Wallach has successfully guided Youngevity from a domestic seller to a worldwide marketer of products and services that support a healthy and empowered lifestyle. Youngevity’s Q1 2018 revenues increased 11 percent over Q1 2017 at $43 million, while total company revenues in FY 2017 were recorded at $165.7 million, according to a July 2018 investor relations fact sheet (http://nnw.fm/rlE80).
“I’m extremely grateful for the opportunity to serve on the DSA Board of Directors,” Wallach stated in a news release (http://nnw.fm/pZK2x). “I look forward to helping advance the association’s global membership initiatives and being at the forefront of positive change in our industry.”
The DSA is a national trade association that represents the direct selling industry and advocates on behalf of its 200-plus member companies. Its board consists of 22 industry leaders who serve as officers and directors, as nominated and elected by their peers. In addition to leading and directing the affairs of the association, board members are charged specifically with promoting the DSA code of ethics. Board leadership also carries government relations, education and research responsibilities.
For more information, visit the company’s website at www.YGYI.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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Supply Agreement Includes 3 New Luxury Ships and Crew Coffee for Entire Fleet
SAN DIEGO, Sept. 18, 2018 — Youngevity International, Inc. (Nasdaq:YGYI), a leading omni-direct lifestyle company, announced that it has expanded its footprint in the cruise line industry by adding another prestigious brand to its hospitality business. CLR is proud to now be roasting and serving its coffee to the entire crew and staff of another top cruise line in the hospitality industry. The 2-year contract includes coffee for the crew of 60 ships that represent an employee base of over 60 thousand people from over 100 countries. In addition to the crew coffee the contract includes supply to the passengers of 3 luxury cruise ships new to CLR Roasters.
“We are very proud of the footprint we have established in the cruise line industry and this new contract establishes us as a worldwide player in the space. We are hopeful that this relationship will lead to other opportunities among this prestigious operator’s other 6 cruise line brands,” stated Ernesto Aguila, President of CLR, and Founder of the Café La Rica Brand. “We are quite enthusiastic about this opportunity to expose our coffee and custom blends to such a large organization.”
About CLR Roaster
Youngevity’s coffee manufacturing division, CLR Roasters, was established in 2001 and is a wholly-owned subsidiary. CLR Roasters is a full-sized coffee roaster that produces gourmet coffees under its own boutique brands — Café La Rica®, Josie’s Java House®, and Javalution®; manufactures a variety of private labels for major national chains; and for the direct selling channel under Youngevity International. The company remains one of the largest suppliers in North America to the cruise line industry. CLR was the first entrant into the fortified coffee niche with its Youngevity JavaFit® brand. In May 2014, CLR acquired a coffee plantation and processing facility in Nicaragua, allowing the entity to control coffee production and quality — from field to cup.
About Youngevity International, Inc.
Youngevity International, Inc. ( NASDAQ: YGYI ), is a leading omni-direct lifestyle company — offering a hybrid of the direct selling business model, that also offers e-commerce and the power of social selling. Assembling a virtual Main Street of products and services under one corporate entity, Youngevity offers proven products from the six top-selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services. The Company was formed during the summer 2011 merger of Youngevity Essential Life Sciences with Javalution® Coffee Company (now part of the company’s food and beverage division). The resulting company became Youngevity International, Inc. in July 2013. For investor information, please visit YGYI.com. For general information on products and services, please visit us at youngevity.com. Keep up with our activities by liking us on Facebook and following us on Twitter.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions, and includes statements regarding the new relationship leading to other opportunities among the operator’s other 6 cruise line brands. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, our ability to continue our international growth and the growth of CLR Roasters, our ability to leverage our platform and global infrastructure to drive organic growth, our ability to improve our profitability, expand our liquidity, and strengthen our balance sheet, our ability to continue to maintain compliance with the NASDAQ requirements, the acceptance of the omni-direct approach by our customers, our ability to expand our distribution, our ability to add additional products (whether developed internally or through acquisitions), our ability to continue our financial performance and the other factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2017 and our subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
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